622 Kendon DrLansingMI48910
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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 622 Kendon Dr, Lansing, MI, 48910 with 5% annual appreciation on a $149,900 basis while $1,490/mo rent supports operations. Total monthly income totals $1,490/mo and a $734/mo payment preserves $440/mo for cash returns. Annual cash flow comes to $5,284/yr on $49,692 deployed, and return on cash invested reaches 30.54% in year one. Equity gained on principal adds $967/yr, and five-year appreciation sums $41,415 alongside rental yield of 11.93%. Five-year ROI measures 161% and total cumulative return in cash totals $80,003.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,490/mo property income versus a $734/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1942
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48910, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,169 (100%) |
| Owner Occupied HU | 8,914 (51.9%) |
| Renter Occupied HU | 6,788 (39.5%) |
| Vacant Housing Units | 1,467 ( 8.5%) |
| Median Home Value | $121,879 |
| Average Home Value | $154,977 |
Housing Distribution
Address Breakdown
Residential
16,469
Single Family
13,032
Multi-Family
3,437
Businesses
836
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Listed by: Kevin P. Brennan • Sine & Monaghan LLC
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50176622
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