631 Forest StEast LansingMI48823
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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 East Lansing at 631 Forest St, East Lansing, MI, 48823 with 5% annual appreciation on a $325,500 basis while $4,886/mo rent supports operations. Total monthly income totals $4,886/mo and a $1,593/mo payment preserves $2,658/mo for cash returns. Annual cash flow comes to $31,893/yr on $107,903 deployed, and return on cash invested reaches 49.47% in year one. Equity gained on principal adds $2,100/yr, and five-year appreciation sums $89,930 alongside rental yield of 18.01%. Five-year ROI measures 262.2% and total cumulative return in cash totals $282,926.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,886/mo property income versus a $1,593/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
4,356 sqft 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
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Listed by: Molly Higbie • RE/MAX Real Estate Professionals
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #289778
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS