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$160,000

For Sale - Active
4620 Christiansen Rd, Lansing, MI 48910
5 Beds
2 Baths
1,890 Square Feet
0.31 Acres Lot
Built in 1940
For Sale - Active
Units n/a
Checked: 15 hours ago
Updated: Sep 06, 2025 at 06:31PM

Investment Summary


Monthly Cash Flow
$225
Cap Rate
7.4%
Cash-on-Cash Return
7.3%
Debt Coverage Ratio
1.30
Internal Rate of Return (5 years)
11.1%

Property Description


0.31 Acres Lot
Built in 1940
For Sale - Active
Units n/a

Don't miss this incredible 5-bed, 2-bath Lansing home on a spacious 0.31-acre lot! Inside, enjoy 1,890 sq ft of living space featuring a bright living room, vaulted-ceiling dining room, and a kitchen with stainless steel appliances. Main-level primary suite includes two walk-in closets and a luxe bath with heated tile floors. Upstairs offers 4 more bedrooms with carpet and a second full bath. Laundry on the main level adds convenience. Located in Pleasant Grove Subdivision with 40 ft of road frontage and a huge backyard—perfect for entertaining. Schedule your showing today!

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Location


Property Details


Parking

  • Description: No Garage
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 1
  • Basement Description: Crawl Space

Exterior Features

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

Land Information

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

Lot Information

  • Parcel ID: 33010132353532
  • Lot Size: 13504 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1940

Tax Information

  • Annual Tax: $3,116

Utilities

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

Location

  • County: Ingham

Listing Details


Listed by:
Narmeen Shango
eXp Realty, LLC
(517) 862-1964

Source:
Southwestern Michigan Association of REALTORS
MLS#: 25040987
Southwestern Michigan Association of REALTORS

Investment Summary


Monthly Cash Flow
$225
Cap Rate
7.4%
Cash-on-Cash Return
7.3%
Debt Coverage Ratio
1.30
Internal Rate of Return (5 years)
11.1%

Purchase Details

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Purchase price:
$160,000
Amount financed:
-$128,000
Down payment:
$32,000
Closing costs:
$4,800
Rehab costs:
$0
Initial cash invested:
$36,800
Square feet:
1,890
Cost per square foot:
$85
Monthly rent per square foot:
$0.95

Financing Details

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Loan amount:
$128,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$757
Property tax:
$260
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,143

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (14%)
14%-$260-$3,116
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (39%)
39%-$710-$8,516

Cash Flow


Monthly Yearly
Net operating income:
$982 $11,784
Mortgage payments:
-$757 -$9,084
Cash flow:
$225 $2,700