6223 Beechfield DrLansingMI48911
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 Lansing at 6223 Beechfield Dr, Lansing, MI, 48911 uses $34,774 cash to close to unlock $1,724/yr annual cash flow and $144/mo monthly cash flow. Total monthly income runs $835/mo, and a $513/mo payment keeps the spread at $144/mo. Purchase price stands at $104,900, and rental yield measures 9.55% with $835/mo rent. Return on cash invested shows 24.87% in year one, and 5% annual appreciation builds toward $28,982 over five years. Five-year ROI reaches 129.98% and total cumulative return in cash records $45,198. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $835/mo property income covering a $513/mo payment rather than investor’s personal income.
Condo
Built in 1972
435.60 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48911, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,330 (100%) |
| Owner Occupied HU | 9,298 (50.7%) |
| Renter Occupied HU | 7,861 (42.9%) |
| Vacant Housing Units | 1,171 ( 6.4%) |
| Median Home Value | $154,625 |
| Average Home Value | $223,948 |
Housing Distribution
Address Breakdown
Residential
17,164
Single Family
14,955
Multi-Family
2,209
Businesses
778
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices