642 Cornell AveEast LansingMI48823
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 East Lansing at 642 Cornell Ave, East Lansing, MI, 48823 at $123,000 posts ROI 57.45% with $1,276/mo cash flow from $2,560/mo rent. Total monthly income equals $2,560/mo, and annual cash flow records $15,307/yr on $40,775 to close. Return on cash invested measures 57.45% and rental yield reads 24.98% at the current $123,000. Equity gained on principal adds $794/yr, and 5% annual appreciation supports $33,983 by year five. Five-year ROI prints 309.78% and total cumulative return in cash totals $126,313.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,560/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1941
5,401 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A