513 E Grand River RdLaingsburgMI48848
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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 Laingsburg at 513 E Grand River Rd, Laingsburg, MI, 48848 offers $1,974/mo rent that, after a $1,415/mo payment, leaves $68/mo cash flow. Total monthly income is $1,974/mo, and annual cash flow is $812/yr on $95,804 cash. Return on cash invested measures 20.76% in year one, and rental yield stands at 8.2% at a $289,000 entry. Equity gained on principal adds $1,865/yr while 5% annual appreciation compounds into $79,845 by year five. Five-year ROI records 107.94% and total cumulative return in cash reaches $103,406. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,974/mo property income versus a $1,415/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1875
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48848, Laingsburg, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,328 (100%) |
| Owner Occupied HU | 2,831 (85.1%) |
| Renter Occupied HU | 323 ( 9.7%) |
| Vacant Housing Units | 174 ( 5.2%) |
| Median Home Value | $301,497 |
| Average Home Value | $316,705 |
Housing Distribution
Address Breakdown
Residential
3,028
Single Family
3,000
Multi-Family
28
Businesses
106
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Nearby investment properties with comparable prices
Listed by: Mark Holcomb • Century 21 Affiliated
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #288136
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