3333 Moores River Dr APT 711LansingMI48911
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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 3333 Moores River Dr APT 711, Lansing, MI, 48911 generates $2,275/mo in rent and, after a $627/mo payment, leaves $1,040/mo in cash flow. Total monthly income is $2,275/mo, and annual cash flow is $12,481/yr on $42,432 invested. Return on cash invested sits at 49.32% in year one, and rental yield is 21.33% on a $128,000 entry. Equity gained on principal adds $826/yr, while 5% annual appreciation builds toward $35,364 over five years. Five-year ROI reaches 265.24% and total cumulative return in cash sums $112,547. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,275/mo property income rather than buyer’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
$365 monthly 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: Kellie Garrett • Oasis Realty
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #281963
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