232 Eldred StBattle 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 232 Eldred St, Battle Creek, MI, 49015 uses $49,062 cash to close to unlock $8,657/yr annual cash flow and $721/mo monthly cash flow. Total monthly income runs $1,697/mo, and a $724/mo payment keeps the spread at $721/mo. Purchase price stands at $148,000, and rental yield measures 13.76% with $1,697/mo rent. Return on cash invested shows 37.55% in year one, and 5% annual appreciation builds toward $40,890 over five years. Five-year ROI reaches 198.02% and total cumulative return in cash records $97,154. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,697/mo property income covering a $724/mo payment rather than investor’s personal income.
Single Family
Built in 1901
5,227 sqft 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: Bethany Boyce • EXP Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25036172
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.