824 Riverview AveLansingMI48915
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 824 Riverview Ave, Lansing, MI, 48915 offers a 9.41% rental yield on a $129,900 purchase with $1,019/mo rent. Total monthly income registers $1,019/mo, and a $636/mo payment leaves $153/mo available for distribution. Annual cash flow reaches $1,830/yr on $43,062 to close, and return on cash invested stands at 24.16% in year one. Equity gained on principal adds $838/yr while 5% annual appreciation supports $35,889 over five years. Portfolio math shows five-year ROI at 126.34% and total cumulative return in cash at $54,403. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,019/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
3,484 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
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Listed by: Morgan Meredith • Keller Williams Realty Lansing-East
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #286614
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