5535 W St Joe Hwy UNIT B12LansingMI48917
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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 5535 W St Joe Hwy UNIT B12, Lansing, MI, 48917 generates $1,231/mo in rent and, after a $523/mo payment, leaves $526/mo in cash flow. Total monthly income is $1,231/mo, and annual cash flow is $6,314/yr on $35,454 invested. Return on cash invested sits at 37.72% in year one, and rental yield is 13.81% on a $106,950 entry. Equity gained on principal adds $690/yr, while 5% annual appreciation builds toward $29,548 over five years. Five-year ROI reaches 199.02% and total cumulative return in cash sums $70,562. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,231/mo property income rather than buyer’s personal income.
Condo
Built in 1968
N/A lot
$N/A/sqft
No 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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