2418 Forest AveLansingMI48910
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Lansing at 2418 Forest Ave, Lansing, MI, 48910 uses $54,664 cash to close to unlock $2,696/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $1,312/mo, and a $807/mo payment keeps the spread at $225/mo. Purchase price stands at $164,900, and rental yield measures 9.55% with $1,312/mo rent. Return on cash invested shows 24.84% in year one, and 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 129.85% and total cumulative return in cash records $70,984. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,312/mo property income covering a $807/mo payment rather than investor’s personal income.
Single Family
Built in 1928
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48910, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,169 (100%) |
| Owner Occupied HU | 8,914 (51.9%) |
| Renter Occupied HU | 6,788 (39.5%) |
| Vacant Housing Units | 1,467 ( 8.5%) |
| Median Home Value | $121,879 |
| Average Home Value | $154,977 |
Housing Distribution
Address Breakdown
Residential
16,469
Single Family
13,032
Multi-Family
3,437
Businesses
836
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices