2923 Newark AveLansingMI48911
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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 2923 Newark Ave, Lansing, MI, 48911 earns $331/mo cash flow from $1,636/mo rent with a $969/mo payment. Total monthly income totals $1,636/mo, and annual cash flow totals $3,967/yr on $65,604 capital. ROI tracks 25.96% on current figures, and rental yield reads 9.92% at a $197,900 purchase. Equity gained on principal adds $1,277/yr, and 5% annual appreciation supports $54,676 over five years. Five-year ROI reaches 135.83% and total cumulative return in cash sums $89,109. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,636/mo property income instead of your personal income.
Single Family
Built in 1950
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48911, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,330 (100%) |
| Owner Occupied HU | 9,298 (50.7%) |
| Renter Occupied HU | 7,861 (42.9%) |
| Vacant Housing Units | 1,171 ( 6.4%) |
| Median Home Value | $154,625 |
| Average Home Value | $223,948 |
Housing Distribution
Address Breakdown
Residential
17,164
Single Family
14,955
Multi-Family
2,209
Businesses
778
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