3106 Norwich RdLansingMI48911
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 3106 Norwich Rd, Lansing, MI, 48911 priced at $130,500 pairs $1,684/mo rent with $633/mo cash flow after a $639/mo payment. Total monthly income equals $1,684/mo, and annual cash flow comes to $7,602/yr on $43,261 invested. Return on cash invested is 37.48% in year one, and rental yield stands at 15.49% on a $130,500 basis. Equity gained on principal adds $842/yr, and 5% annual appreciation accumulates to $36,055 by year five. Five-year ROI measures 199.56% and total cumulative return in cash reaches $86,332. For financing, Ziffy Mortgage’s DSCR program evaluates $1,684/mo property income against a $639/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
6,969 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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Listed by: Jessica Hillyer • Coldwell Banker Professionals-West
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #284722
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS