3024 Norwich RdLansingMI48911
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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 3024 Norwich Rd, Lansing, MI, 48911 uses $44,719 cash to close to unlock $14,612/yr annual cash flow and $1,218/mo monthly cash flow. Total monthly income runs $2,107/mo, and a $660/mo payment keeps the spread at $1,218/mo. Purchase price stands at $134,900, and rental yield measures 18.74% with $2,107/mo rent. Return on cash invested shows 52.58% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 278.63% and total cumulative return in cash records $124,601. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,107/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in 1976
7,840 sqft 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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