29 Richards PlBattle 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 29 Richards Pl, Battle Creek, MI, 49015 earns $558/mo cash flow from $1,349/mo rent with a $587/mo payment. Total monthly income totals $1,349/mo, and annual cash flow totals $6,696/yr on $39,780 capital. ROI tracks 36.74% on current figures, and rental yield reads 13.49% at a $120,000 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 over five years. Five-year ROI reaches 193.62% and total cumulative return in cash sums $77,023. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,349/mo property income instead of your personal income.
Single Family
Built in 1940
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: Rhonda Lauderman • Jaqua REALTORS
Mls Name: MichRIC
Mls Provider:
Mls ID: #25032751
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.