3603 Parkway DrLansingMI48910
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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 3603 Parkway Dr, Lansing, MI, 48910 generates $1,256/mo in rent and, after a $562/mo payment, leaves $499/mo in cash flow. Total monthly income is $1,256/mo, and annual cash flow is $5,986/yr on $38,056 invested. Return on cash invested sits at 35.64% in year one, and rental yield is 13.13% on a $114,800 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation builds toward $31,717 over five years. Five-year ROI reaches 187.73% and total cumulative return in cash sums $71,443. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,256/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
4,792 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48910, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,169 (100%) |
| Owner Occupied HU | 8,914 (51.9%) |
| Renter Occupied HU | 6,788 (39.5%) |
| Vacant Housing Units | 1,467 ( 8.5%) |
| Median Home Value | $121,879 |
| Average Home Value | $154,977 |
Housing Distribution
Address Breakdown
Residential
16,469
Single Family
13,032
Multi-Family
3,437
Businesses
836
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