6165 E Innkeepers Ct #76East LansingMI48823
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
Investment property for sale in East Lansing at 6165 E Innkeepers Ct #76, East Lansing, MI, 48823 listed at $137,000 pairs $1,078/mo rent with a $671/mo payment to leave $174/mo cash flow. Total monthly income runs $1,078/mo, and annual cash flow reaches $2,089/yr on $45,416 cash to close. Return on cash invested measures 24.51% in year one, and rental yield registers 9.44% at a $137,000 basis. Equity gained on principal adds $884/yr, and annual property appreciation at 5% supports $37,851 by year five. Five-year ROI tracks 128.16% and total cumulative return in cash totals $58,204. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,078/mo property income relative to a $671/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rooted Real Estate Of Greater Lansing • RE/MAX Real Estate Professionals
Mls Name: Greater Lansing AOR
Mls ID: #293138