524 Everett DrLansingMI48915
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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 Lansing at 524 Everett Dr, Lansing, MI, 48915 priced at $239,000 converts $2,058/mo rent into $482/mo cash flow after a $1,170/mo obligation. Total monthly income equals $2,058/mo, and annual cash flow totals $5,780/yr on $79,229 invested. Return on cash invested prints 27.2% in year one, and rental yield reads 10.33% against a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation compiles into $66,031 by year five. Five-year ROI reaches 142.52% and total cumulative return in cash sums $112,920. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,058/mo property income covering a $1,170/mo payment, not borrower’s personal income.
Single Family
Built in 1929
6,098 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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