508 Chesley DrLansingMI48917
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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 508 Chesley Dr, Lansing, MI, 48917 earns $136/mo cash flow from $1,957/mo rent with a $1,334/mo payment. Total monthly income totals $1,957/mo, and annual cash flow totals $1,637/yr on $90,334 capital. ROI tracks 21.72% on current figures, and rental yield reads 8.62% at a $272,500 purchase. Equity gained on principal adds $1,758/yr, and 5% annual appreciation supports $75,287 over five years. Five-year ROI reaches 113.23% and total cumulative return in cash sums $102,282. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,957/mo property income instead of your personal income.
Single Family
Built in 1977
8,276 sqft lot
$N/A/sqft
$280 annually 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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Listed by: Nick Pehlivanoglu • Coldwell Banker Professionals-Delta
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #286802
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