6343 Towar AveEast 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
Rental property for sale in East Lansing at 6343 Towar Ave, East Lansing, MI, 48823 generates $3,517/mo in rent and, after a $1,566/mo payment, leaves $1,407/mo in cash flow. Total monthly income is $3,517/mo, and annual cash flow is $16,884/yr on $106,080 invested. Return on cash invested sits at 35.83% in year one, and rental yield is 13.19% on a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 188.7% and total cumulative return in cash sums $200,175. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,517/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.82 Acres 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: Katrina A Hoyt • RE/MAX Real Estate Professionals
Mls Name: Greater Lansing AOR
Mls ID: #291770