3824 Schlee StLansingMI48910
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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
Investment property for sale in Lansing at 3824 Schlee St, Lansing, MI, 48910 uses $36,432 cash to close to unlock $1,466/yr annual cash flow and $122/mo monthly cash flow. Total monthly income runs $847/mo, and a $538/mo payment keeps the spread at $122/mo. Purchase price stands at $109,900, and rental yield measures 9.25% with $847/mo rent. Return on cash invested shows 23.93% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 125.08% and total cumulative return in cash records $45,568. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $847/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.25 Acres 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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