500 E Michigan Ave APT 413LansingMI48912
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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 500 E Michigan Ave APT 413, Lansing, MI, 48912 offers a 10.59% rental yield on a $327,500 purchase with $2,890/mo rent. Total monthly income registers $2,890/mo, and a $1,603/mo payment leaves $516/mo available for distribution. Annual cash flow reaches $6,195/yr on $108,566 to close, and return on cash invested stands at 25.62% in year one. Equity gained on principal adds $2,113/yr while 5% annual appreciation supports $90,482 over five years. Portfolio math shows five-year ROI at 134.85% and total cumulative return in cash at $146,406. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,890/mo property income against a $1,603/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in N/A
N/A lot
$N/A/sqft
$214 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48912, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,208 (100%) |
| Owner Occupied HU | 3,846 (41.8%) |
| Renter Occupied HU | 4,595 (49.9%) |
| Vacant Housing Units | 767 ( 8.3%) |
| Median Home Value | $165,968 |
| Average Home Value | $195,356 |
Housing Distribution
Address Breakdown
Residential
9,234
Single Family
6,927
Multi-Family
2,307
Businesses
914
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