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$155,000

For Sale - Active
3800 Ronald St, Lansing, MI 48911
3 Beds
2 Baths
1,011 Square Feet
0.19 Acres Lot
Built in 1959
For Sale - Active
Units n/a
Checked: 14 hours ago
Updated: Sep 09, 2025 at 12:10AM

Investment Summary


Monthly Cash Flow
$135
Cap Rate
6.7%
Cash-on-Cash Return
4.5%
Debt Coverage Ratio
1.18
Internal Rate of Return (5 years)
8.4%

Property Description


0.19 Acres Lot
Built in 1959
For Sale - Active
Units n/a

Welcome home to this charming, move-in-ready gem at 3800 Ronald Street in vibrant Lansing! Featuring a 2018 roof with 20-year warranty, 2019 water heater, 2018 furnace, 2019 electrical panel, and a 2021 garage door, this well-maintained home ensures peace of mind. All appliances stay (microwave excluded). Enjoy a spacious fenced-in backyard perfect for play and gatherings. Situated in Lansing's desirable northwest side, near leafy Wilson & Tecumseh Parks and close to downtown amenities. An ideal haven for the next family!

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Location


Property Details


Parking

  • Description: Gravel, Attached, Carport
  • Details: Attached, Concrete
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Full

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Roof Type: Gable
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 33010131304291
  • Lot Size: 8276 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1959

Tax Information

  • Annual Tax: $1,166

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air

Location

  • County: Ingham

Listing Details


Listed by:
Quinten Swica
Golden Key Realty Group LLC
(248) 904-6499

Source:
Southwestern Michigan Association of REALTORS
MLS#: 25040298
Southwestern Michigan Association of REALTORS

Investment Summary


Monthly Cash Flow
$135
Cap Rate
6.7%
Cash-on-Cash Return
4.5%
Debt Coverage Ratio
1.18
Internal Rate of Return (5 years)
8.4%

Purchase Details

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Purchase price:
$155,000
Amount financed:
-$124,000
Down payment:
$31,000
Closing costs:
$4,650
Rehab costs:
$0
Initial cash invested:
$35,650
Square feet:
1,011
Cost per square foot:
$153
Monthly rent per square foot:
$1.38

Financing Details

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Loan amount:
$124,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$734
Property tax:
$97
Insurance:
$98
Private mortgage insurance (PMI):
$0
Monthly payment:
$929

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,400 $16,800
Vacancy loss: (6%)
6% -$84 -$1,008
Operating income:
$1,316 $15,792

Operating Expenses


% Rent Monthly Yearly
Property taxes: (7%)
7%-$97-$1,166
Insurance: (7%)
7%-$98-$1,176
Property management: (8%)
8%-$112-$1,344
Repairs & maintenance: (5%)
5%-$70-$840
Capital expenditures: (5%)
5%-$70-$840
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (32%)
32%-$447-$5,366

Cash Flow


Monthly Yearly
Net operating income:
$869 $10,428
Mortgage payments:
-$734 -$8,808
Cash flow:
$135 $1,620