2615 E Alward RdLaingsburgMI48848
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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
Rental property for sale in Laingsburg at 2615 E Alward Rd, Laingsburg, MI, 48848 generates $1,472/mo in rent, after a $2,570/mo payment. Total monthly income is $1,472/mo. Return on cash invested sits at 6.23% in year one, and rental yield is 3.36% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 30.01% and total cumulative return in cash sums $51,837. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,472/mo property income rather than buyer’s personal income.
Single Family
Built in 1941
5.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48848, Laingsburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,328 (100%) |
| Owner Occupied HU | 2,831 (85.1%) |
| Renter Occupied HU | 323 ( 9.7%) |
| Vacant Housing Units | 174 ( 5.2%) |
| Median Home Value | $301,497 |
| Average Home Value | $316,705 |
Housing Distribution
Address Breakdown
Residential
3,028
Single Family
3,000
Multi-Family
28
Businesses
106
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Listed by: Troy Seyfert • RE/MAX Real Estate Professionals
Mls Name: Greater Lansing AOR
Mls ID: #291134