610 N Pine StLansingMI48933
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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
Investment property for sale in Lansing at 610 N Pine St, Lansing, MI, 48933 with 5% annual appreciation on a $187,700 basis while $1,436/mo rent supports operations. Total monthly income totals $1,436/mo and a $919/mo payment preserves $198/mo for cash returns. Annual cash flow comes to $2,375/yr on $62,223 deployed, and return on cash invested reaches 23.73% in year one. Equity gained on principal adds $1,211/yr, and five-year appreciation sums $51,858 alongside rental yield of 9.18%. Five-year ROI measures 123.83% and total cumulative return in cash totals $77,050.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,436/mo property income versus a $919/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1924
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48933, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,250 (100%) |
| Owner Occupied HU | 184 ( 8.2%) |
| Renter Occupied HU | 1,586 (70.5%) |
| Vacant Housing Units | 480 (21.3%) |
| Median Home Value | $148,661 |
| Average Home Value | $199,755 |
Housing Distribution
Address Breakdown
Residential
1,998
Single Family
670
Multi-Family
1,328
Businesses
549
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