6003 Montevideo DrLansingMI48917
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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 6003 Montevideo Dr, Lansing, MI, 48917 generates $2,154/mo in rent and, after a $866/mo payment, leaves $574/mo in cash flow. Total monthly income is $2,154/mo, and annual cash flow is $6,889/yr on $58,676 invested. Return on cash invested sits at 31.65% in year one, and rental yield is 14.6% on a $177,000 entry. Equity gained on principal adds $1,142/yr, while 5% annual appreciation builds toward $48,902 over five years. Five-year ROI reaches 169.46% and total cumulative return in cash sums $99,431. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,154/mo property income rather than buyer’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
$413 monthly 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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Listed by: Vicki Williams • Century 21 Affiliated
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #282785
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS