3500 Colchester RdLansingMI48906
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
Investment property for sale in Lansing at 3500 Colchester Rd, Lansing, MI, 48906 at $319,900 posts ROI 31.49% with $1,023/mo cash flow from $3,133/mo rent. Total monthly income equals $3,133/mo, and annual cash flow records $12,278/yr on $106,047 to close. Return on cash invested measures 31.49% and rental yield reads 11.75% at the current $319,900. Equity gained on principal adds $2,064/yr, and 5% annual appreciation supports $88,382 by year five. Five-year ROI prints 165.5% and total cumulative return in cash totals $175,508.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,133/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1964
0.27 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices