423 N Pine StLansingMI48933
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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 423 N Pine St, Lansing, MI, 48933 uses $71,273 cash to close to unlock $6,174/yr annual cash flow and $515/mo monthly cash flow. Total monthly income runs $1,932/mo, and a $1,052/mo payment keeps the spread at $515/mo. Purchase price stands at $215,000, and rental yield measures 10.78% with $1,932/mo rent. Return on cash invested shows 28.57% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 149.87% and total cumulative return in cash records $106,813. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,932/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1904
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48933, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,250 (100%) |
| Owner Occupied HU | 184 ( 8.2%) |
| Renter Occupied HU | 1,586 (70.5%) |
| Vacant Housing Units | 480 (21.3%) |
| Median Home Value | $148,661 |
| Average Home Value | $199,755 |
Housing Distribution
Address Breakdown
Residential
1,998
Single Family
670
Multi-Family
1,328
Businesses
549
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