612 W Lapeer StLansingMI48933
Nearby investment properties with comparable rents
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
Rental property for sale in Lansing at 612 W Lapeer St, Lansing, MI, 48933 offers $2,383/mo rent that, after a $734/mo payment, leaves $1,306/mo cash flow. Total monthly income is $2,383/mo, and annual cash flow is $15,670/yr on $49,725 cash. Return on cash invested measures 51.42% in year one, and rental yield stands at 19.06% at a $150,000 entry. Equity gained on principal adds $968/yr while 5% annual appreciation compounds into $41,442 by year five. Five-year ROI records 273.15% and total cumulative return in cash reaches $135,822. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,383/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1908
2,613 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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