317 Cadgewith ELansingMI48906
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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 317 Cadgewith E, Lansing, MI, 48906 uses $46,410 cash to close to unlock $12,024/yr annual cash flow and $1,002/mo monthly cash flow. Total monthly income runs $1,925/mo, and a $685/mo payment keeps the spread at $1,002/mo. Purchase price stands at $140,000, and rental yield measures 16.5% with $1,925/mo rent. Return on cash invested shows 45.82% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 242.27% and total cumulative return in cash records $112,438. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,925/mo property income covering a $685/mo payment rather than investor’s personal income.
Manufactured
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48906, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,957 (100%) |
| Owner Occupied HU | 7,359 (61.5%) |
| Renter Occupied HU | 3,770 (31.5%) |
| Vacant Housing Units | 828 ( 6.9%) |
| Median Home Value | $161,192 |
| Average Home Value | $200,403 |
Housing Distribution
Address Breakdown
Residential
10,924
Single Family
9,787
Multi-Family
1,137
Businesses
869
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