516 Bartlett StLansingMI48915
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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 516 Bartlett St, Lansing, MI, 48915 uses $71,273 cash to close to unlock $2,274/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $1,607/mo, and a $1,052/mo payment keeps the spread at $190/mo. Purchase price stands at $215,000, and rental yield measures 8.97% with $1,607/mo rent. Return on cash invested shows 23.1% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 120.5% and total cumulative return in cash records $85,885. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,607/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1923
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48915, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,459 (100%) |
| Owner Occupied HU | 2,378 (53.3%) |
| Renter Occupied HU | 1,600 (35.9%) |
| Vacant Housing Units | 481 (10.8%) |
| Median Home Value | $132,766 |
| Average Home Value | $165,350 |
Housing Distribution
Address Breakdown
Residential
4,019
Single Family
3,824
Multi-Family
195
Businesses
100
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