193 Jacaranda DrBattle CreekMI49015
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
Investment Highlights
Rental property for sale in Battle Creek at 193 Jacaranda Dr, Battle Creek, MI, 49015 priced at $350,000 converts $2,532/mo rent into $224/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,532/mo, and annual cash flow totals $2,688/yr on $116,025 invested. Return on cash invested prints 22.23% in year one, and rental yield reads 8.68% against a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,699 by year five. Five-year ROI reaches 115.79% and total cumulative return in cash sums $134,342. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,532/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 1997
0.36 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
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Listed by: Alantha Owen • Redfin Corporation
Mls Name: MichRIC
Mls Provider:
Mls ID: #25014431
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.