3019 Ingham StLansingMI48911
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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 Lansing at 3019 Ingham St, Lansing, MI, 48911 priced at $129,990 converts $1,031/mo rent into $172/mo cash flow after a $636/mo obligation. Total monthly income equals $1,031/mo, and annual cash flow totals $2,065/yr on $43,092 invested. Return on cash invested prints 24.7% in year one, and rental yield reads 9.52% against a $129,990 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,914 by year five. Five-year ROI reaches 129.18% and total cumulative return in cash sums $55,668. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,031/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1937
0.30 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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