5975 Everett LnEast 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
Rental property for sale in East Lansing at 5975 Everett Ln, East Lansing, MI, 48823 generates $2,767/mo in rent and, after a $1,958/mo payment, leaves $129/mo in cash flow. Total monthly income is $2,767/mo, and annual cash flow is $1,548/yr on $132,600 invested. Return on cash invested sits at 21.08% in year one, and rental yield is 8.3% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 109.62% and total cumulative return in cash sums $145,360. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,767/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
0.32 Acres 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: Ben Magsig • EXP Realty - Haslett
Mls Name: Greater Lansing AOR
Mls ID: #292833