3600 Sumpter StLansingMI48911
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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 3600 Sumpter St, Lansing, MI, 48911 priced at $162,900 converts $1,746/mo rent into $637/mo cash flow after a $797/mo obligation. Total monthly income equals $1,746/mo, and annual cash flow totals $7,640/yr on $54,001 invested. Return on cash invested prints 34.06% in year one, and rental yield reads 12.86% against a $162,900 entry. Equity gained on principal adds $1,051/yr, while 5% annual appreciation compiles into $45,006 by year five. Five-year ROI reaches 179.55% and total cumulative return in cash sums $96,960. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,746/mo property income covering a $797/mo payment, not borrower’s personal income.
Single Family
Built in 1959
8,276 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: Bruce Roberts-Hicks • Real Estate Warehouse L.L.C.
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #284869
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