225 RidgeviewBattle 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
Investment property for sale in Battle Creek at 225 Ridgeview, Battle Creek, MI, 49015 earns $3,404/mo cash flow from $6,756/mo rent with a $2,447/mo payment. Total monthly income totals $6,756/mo, and annual cash flow totals $40,848/yr on $165,750 capital. ROI tracks 44.55% on current figures, and rental yield reads 16.21% at a $500,000 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,141 over five years. Five-year ROI reaches 235.65% and total cumulative return in cash sums $390,596. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,756/mo property income instead of your personal income.
Single Family
Built in 2014
1.01 Acres lot
$N/A/sqft
$55 monthly 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: Kaciana Champlin • RE/MAX Perrett Associates
Mls Name: MichRIC
Mls Provider:
Mls ID: #24008896
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.