4593 Chippewa DrOkemosMI48864
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Nearby investment properties with comparable prices
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 Okemos at 4593 Chippewa Dr, Okemos, MI, 48864 earns from $3,257/mo rent with a $2,594/mo payment. Total monthly income totals $3,257/mo. ROI tracks 18.42% on current figures, and rental yield reads 7.38% at a $529,900 purchase. Equity gained on principal adds $3,419/yr, and 5% annual appreciation supports $146,402 over five years. Five-year ROI reaches 95.39% and total cumulative return in cash sums $166,307. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,257/mo property income instead of your personal income.
Single Family
Built in 1948
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48864, Okemos, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,559 (100%) |
| Owner Occupied HU | 6,293 (65.8%) |
| Renter Occupied HU | 2,783 (29.1%) |
| Vacant Housing Units | 483 ( 5.1%) |
| Median Home Value | $358,401 |
| Average Home Value | $397,029 |
Housing Distribution
Address Breakdown
Residential
9,606
Single Family
8,361
Multi-Family
1,245
Businesses
850
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Listed by: Quinten S Swica • Five Star Real Estate - Lansing
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #285654
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 2025 Greater Lansing Association of REALTORS