617 S Lansing StMount PleasantMI48858
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 Mount Pleasant at 617 S Lansing St, Mount Pleasant, MI, 48858 at $196,000 posts ROI 23.95% with $219/mo cash flow from $1,511/mo rent. Total monthly income equals $1,511/mo, and annual cash flow records $2,626/yr on $64,974 to close. Return on cash invested measures 23.95% and rental yield reads 9.25% at the current $196,000. Equity gained on principal adds $1,265/yr, and 5% annual appreciation supports $54,151 by year five. Five-year ROI prints 125.05% and total cumulative return in cash totals $81,252.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,511/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48858, Mount Pleasant, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,876 (100%) |
| Owner Occupied HU | 9,481 (47.7%) |
| Renter Occupied HU | 8,386 (42.2%) |
| Vacant Housing Units | 2,009 (10.1%) |
| Median Home Value | $184,339 |
| Average Home Value | $222,061 |
Housing Distribution
Address Breakdown
Residential
18,999
Single Family
16,469
Multi-Family
2,530
Businesses
1,375
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Listed by: Brittany Felde • Felde Realty
Mls Name: MichRIC
Mls ID: #25045940