506 N Sycamore 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 506 N Sycamore St, Lansing, MI, 48933 listed at $119,900 pairs $959/mo rent with a $587/mo payment to leave $168/mo cash flow. Total monthly income runs $959/mo, and annual cash flow reaches $2,018/yr on $39,747 cash to close. Return on cash invested measures 24.99% in year one, and rental yield registers 9.6% at a $119,900 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,126 by year five. Five-year ROI tracks 130.7% and total cumulative return in cash totals $51,948. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $959/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
5,227 sqft 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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