862 Armstrong RdLansingMI48911
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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 862 Armstrong Rd, Lansing, MI, 48911 offers $2,101/mo rent that, after a $724/mo payment, leaves $913/mo cash flow. Total monthly income is $2,101/mo, and annual cash flow is $10,951/yr on $49,029 cash. Return on cash invested measures 42.24% in year one, and rental yield stands at 17.05% at a $147,900 entry. Equity gained on principal adds $954/yr while 5% annual appreciation compounds into $40,862 by year five. Five-year ROI records 225.09% and total cumulative return in cash reaches $110,359. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,101/mo property income versus a $724/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1980
N/A lot
$N/A/sqft
$213 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48911, Lansing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,330 (100%) |
| Owner Occupied HU | 9,298 (50.7%) |
| Renter Occupied HU | 7,861 (42.9%) |
| Vacant Housing Units | 1,171 ( 6.4%) |
| Median Home Value | $154,625 |
| Average Home Value | $223,948 |
Housing Distribution
Address Breakdown
Residential
17,164
Single Family
14,955
Multi-Family
2,209
Businesses
778
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Listed by: Keith Tett • C. L. Moore & Associates
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #281761
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 2023 Greater Lansing Association of REALTORS