138 Woodrow Ave NBattle CreekMI49015
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 138 Woodrow Ave N, Battle Creek, MI, 49015 in Battle Creek is narrow, $42/mo net on $1,615/mo rent after the $1,275/mo debt service, but the property operates at break-even-plus, not a loss. At $283,500 with a 8.13% yield, the long-run equity case via 5% appreciation ($78,326 over five years) and $2,611/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.27 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $91,666.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 8.2% |
| Monthly Cash Flow | $42 | $450 |
City averages based on Battle Creek market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,615 |
| Total Monthly Debt Service | $1,757 |
| DSCR Ratio | 0.92x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1947
0.39 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1947
0.39 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cathy A Jewell • RE/MAX Perrett Associates
Mls Name: MichRIC
Mls Provider:
Mls ID: #25028057
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.