2518 Pattengill AveLansingMI48910
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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 2518 Pattengill Ave, Lansing, MI, 48910 at $229,000 posts ROI 16.08% with from $1,605/mo rent. Total monthly income equals $1,605/mo. Return on cash invested measures 16.08% and rental yield reads 8.41% at the current $229,000. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 by year five. Five-year ROI prints 84.84% and total cumulative return in cash totals $64,409. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,605/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1951
0.27 Acres 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
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Listed by: Rob Buffington • White Pine Sotheby's International Realty
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #284146
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS