909 W Ionia StLansingMI48915
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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
Investment property for sale in Lansing at 909 W Ionia St, Lansing, MI, 48915 at $250,000 posts ROI 18.94% with from $1,613/mo rent. Total monthly income equals $1,613/mo. Return on cash invested measures 18.94% and rental yield reads 7.74% at the current $250,000. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 by year five. Five-year ROI prints 98.31% and total cumulative return in cash totals $81,478. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,613/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1870
4,791 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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Nearby investment properties with comparable prices
Listed by: Thomas S Dance • FreedomRE
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #287652
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