5945 E Coleman RdEast LansingMI48823
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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
Total monthly income runs $1,912/mo, and a $1,957/mo payment. Purchase price stands at $399,900, and rental yield measures 5.74% with $1,912/mo rent. Return on cash invested shows 13.35% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 68.21% and total cumulative return in cash records $90,428. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,912/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 2003
7,405 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: Amy Jackson • Coldwell Banker Professionals-E.L.
Mls Name: Greater Lansing AOR
Mls ID: #291511