732 W Lapeer StLansingMI48915
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
Rental property for sale in Lansing at 732 W Lapeer St, Lansing, MI, 48915 priced at $112,500 pairs $902/mo rent with $160/mo cash flow after a $551/mo payment. Total monthly income equals $902/mo, and annual cash flow comes to $1,917/yr on $37,294 invested. Return on cash invested is 25.05% in year one, and rental yield stands at 9.62% on a $112,500 basis. Equity gained on principal adds $726/yr, and 5% annual appreciation accumulates to $31,082 by year five. Five-year ROI measures 130.97% and total cumulative return in cash reaches $48,844. For financing, Ziffy Mortgage’s DSCR program evaluates $902/mo property income against a $551/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1914
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48915, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,459 (100%) |
| Owner Occupied HU | 2,378 (53.3%) |
| Renter Occupied HU | 1,600 (35.9%) |
| Vacant Housing Units | 481 (10.8%) |
| Median Home Value | $132,766 |
| Average Home Value | $165,350 |
Housing Distribution
Address Breakdown
Residential
4,019
Single Family
3,824
Multi-Family
195
Businesses
100
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices