513 Avocet DrEast LansingMI48823
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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
Rental property for sale in East Lansing at 513 Avocet Dr, East Lansing, MI, 48823 offers $2,516/mo rent that, after a $1,842/mo payment, leaves $17/mo cash flow. Total monthly income is $2,516/mo, and annual cash flow is $205/yr on $124,777 cash. Return on cash invested measures 20.07% in year one, and rental yield stands at 8.02% at a $376,400 entry. Equity gained on principal adds $2,429/yr while 5% annual appreciation compounds into $103,992 by year five. Five-year ROI records 104.35% and total cumulative return in cash reaches $130,198. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,516/mo property income versus a $1,842/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
6,969 sqft lot
$N/A/sqft
$17 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48823, East Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 25,865 (100%) |
| Owner Occupied HU | 10,317 (39.9%) |
| Renter Occupied HU | 13,227 (51.1%) |
| Vacant Housing Units | 2,321 ( 9.0%) |
| Median Home Value | $296,966 |
| Average Home Value | $329,463 |
Housing Distribution
Address Breakdown
Residential
23,522
Single Family
14,377
Multi-Family
9,145
Businesses
1,219
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Listed by: N/A • N/A
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