586 Lexington AveEast LansingMI48823
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Nearby investment properties with comparable prices
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 East Lansing at 586 Lexington Ave, East Lansing, MI, 48823 at $189,900 posts ROI 25.4% with $288/mo cash flow from $1,540/mo rent. Total monthly income equals $1,540/mo, and annual cash flow records $3,458/yr on $62,952 to close. Return on cash invested measures 25.4% and rental yield reads 9.73% at the current $189,900. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 by year five. Five-year ROI prints 132.89% and total cumulative return in cash totals $83,657.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,540/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1955
5,662 sqft lot
$N/A/sqft
No 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: Brian Lindstrom • eRealty
Mls Name: MiRealSource
Mls ID: #50188413