38 32nd St NBattle 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 38 32nd St N, Battle Creek, MI, 49015 earns $1,169/mo cash flow from $2,256/mo rent with a $807/mo payment. Total monthly income totals $2,256/mo, and annual cash flow totals $14,024/yr on $54,664 capital. ROI tracks 45.56% on current figures, and rental yield reads 16.42% at a $164,900 purchase. Equity gained on principal adds $1,064/yr, and 5% annual appreciation supports $45,559 over five years. Five-year ROI reaches 240.98% and total cumulative return in cash sums $131,728. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,256/mo property income instead of your personal income.
Single Family
Built in 1943
8,712 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: Nakisha Gilliam • Jaqua, REALTORS
Mls Name: MichRIC
Mls Provider:
Mls ID: #24040698
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.