1 Hiawatha Cove Trl APT 23Battle CreekMI49015
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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 Battle Creek at 1 Hiawatha Cove Trl APT 23, Battle Creek, MI, 49015 uses $95,804 cash to close to unlock $5,540/yr annual cash flow and $462/mo monthly cash flow. Total monthly income runs $2,368/mo, and a $1,415/mo payment keeps the spread at $462/mo. Purchase price stands at $289,000, and rental yield measures 9.83% with $2,368/mo rent. Return on cash invested shows 25.69% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 134.39% and total cumulative return in cash records $128,750. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,368/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49015, Battle Creek, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,329 (100%) |
| Owner Occupied HU | 8,019 (65.0%) |
| Renter Occupied HU | 3,459 (28.1%) |
| Vacant Housing Units | 851 ( 6.9%) |
| Median Home Value | $189,927 |
| Average Home Value | $217,209 |
Housing Distribution
Address Breakdown
Residential
12,112
Single Family
11,268
Multi-Family
844
Businesses
819
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Listed by: Brett G Cosner • Jaqua REALTORS
Mls Name: MichRIC
Mls ID: #25041195