841 Baker StLansingMI48910
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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 Lansing at 841 Baker St, Lansing, MI, 48910 generates $1,148/mo in rent and, after a $563/mo payment, leaves $390/mo in cash flow. Total monthly income is $1,148/mo, and annual cash flow is $4,674/yr on $38,123 invested. Return on cash invested sits at 32.17% in year one, and rental yield is 11.98% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 169.18% and total cumulative return in cash sums $64,497. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,148/mo property income rather than buyer’s personal income.
Single Family
Built in 1921
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48910, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,169 (100%) |
| Owner Occupied HU | 8,914 (51.9%) |
| Renter Occupied HU | 6,788 (39.5%) |
| Vacant Housing Units | 1,467 ( 8.5%) |
| Median Home Value | $121,879 |
| Average Home Value | $154,977 |
Housing Distribution
Address Breakdown
Residential
16,469
Single Family
13,032
Multi-Family
3,437
Businesses
836
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