410 Renker RdLansingMI48917
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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 410 Renker Rd, Lansing, MI, 48917 priced at $240,000 converts $2,050/mo rent into $467/mo cash flow after a $1,175/mo obligation. Total monthly income equals $2,050/mo, and annual cash flow totals $5,604/yr on $79,560 invested. Return on cash invested prints 26.95% in year one, and rental yield reads 10.25% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 141.13% and total cumulative return in cash sums $112,286. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,050/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48917, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,006 (100%) |
| Owner Occupied HU | 9,492 (59.3%) |
| Renter Occupied HU | 5,831 (36.4%) |
| Vacant Housing Units | 683 ( 4.3%) |
| Median Home Value | $228,813 |
| Average Home Value | $243,744 |
Housing Distribution
Address Breakdown
Residential
15,809
Single Family
11,867
Multi-Family
3,942
Businesses
1,288
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