507 Alvena AveBattle CreekMI49017
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 507 Alvena Ave, Battle Creek, MI, 49017 in Battle Creek. At $187,100 it earns $1,370/mo in rent and distributes $249/mo to the owner after the $841/mo payment, a consistent 9.67% yield. DSCR 1.63 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $51,692 in value; $1,723/yr in principal paydown compounds ownership stake. Total projected return: $80,063.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 8.2% |
| Monthly Cash Flow | $249 | $450 |
City averages based on Battle Creek market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,370 |
| Total Monthly Debt Service | $1,159 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1965
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49017, Battle Creek, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,526 (100%) |
| Owner Occupied HU | 6,408 (67.3%) |
| Renter Occupied HU | 2,282 (24.0%) |
| Vacant Housing Units | 836 ( 8.8%) |
| Median Home Value | $164,086 |
| Average Home Value | $199,413 |
Housing Distribution
Address Breakdown
Residential
9,194
Single Family
8,190
Multi-Family
1,004
Businesses
469
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
Single Family
Built in 1965
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49017, Battle Creek, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,526 (100%) |
| Owner Occupied HU | 6,408 (67.3%) |
| Renter Occupied HU | 2,282 (24.0%) |
| Vacant Housing Units | 836 ( 8.8%) |
| Median Home Value | $164,086 |
| Average Home Value | $199,413 |
Housing Distribution
Address Breakdown
Residential
9,194
Single Family
8,190
Multi-Family
1,004
Businesses
469
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Max Brundage • Real Estate One Rosemary Davis
Mls Name: MichRIC
Mls Provider:
Mls ID: #25023146
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.