353 Division StEast LansingMI48823
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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 East Lansing at 353 Division St, East Lansing, MI, 48823 priced at $475,000 pairs $3,016/mo rent with after a $2,325/mo payment. Total monthly income equals $3,016/mo. Return on cash invested is 19.02% in year one, and rental yield stands at 7.62% on a $475,000 basis. Equity gained on principal adds $3,065/yr, and 5% annual appreciation accumulates to $131,234 by year five. Five-year ROI measures 98.63% and total cumulative return in cash reaches $155,299. For financing, Ziffy Mortgage’s DSCR program evaluates $3,016/mo property income against a $2,325/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1929
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48823, East Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,865 (100%) |
| Owner Occupied HU | 10,317 (39.9%) |
| Renter Occupied HU | 13,227 (51.1%) |
| Vacant Housing Units | 2,321 ( 9.0%) |
| Median Home Value | $296,966 |
| Average Home Value | $329,463 |
Housing Distribution
Address Breakdown
Residential
23,522
Single Family
14,377
Multi-Family
9,145
Businesses
1,219
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Listed by: Thomas S Dance • FreedomRE
Mls Name: Greater Lansing AOR
Mls ID: #290604