2928 Marfitt RdEast LansingMI48823
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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 East Lansing at 2928 Marfitt Rd, East Lansing, MI, 48823 earns $118/mo cash flow from $2,446/mo rent with a $1,446/mo payment. Total monthly income totals $2,446/mo, and annual cash flow totals $1,421/yr on $97,958 capital. ROI tracks 21.36% on current figures, and rental yield reads 9.93% at a $295,500 purchase. Equity gained on principal adds $1,907/yr, and 5% annual appreciation supports $81,641 over five years. Five-year ROI reaches 112.86% and total cumulative return in cash sums $110,559. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,446/mo property income instead of your personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
$265 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48823, East Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,865 (100%) |
| Owner Occupied HU | 10,317 (39.9%) |
| Renter Occupied HU | 13,227 (51.1%) |
| Vacant Housing Units | 2,321 ( 9.0%) |
| Median Home Value | $296,966 |
| Average Home Value | $329,463 |
Housing Distribution
Address Breakdown
Residential
23,522
Single Family
14,377
Multi-Family
9,145
Businesses
1,219
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Listed by: Kathleen Battle • Key Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #24061712
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.