56 Lathrop AveBattle CreekMI49014
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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
Rental property for sale in Battle Creek at 56 Lathrop Ave, Battle Creek, MI, 49014 offers $1,550/mo rent that, after a $905/mo payment, leaves $331/mo cash flow. Total monthly income is $1,550/mo, and annual cash flow is $3,966/yr on $61,328 cash. Return on cash invested measures 26.38% in year one, and rental yield stands at 10.05% at a $185,000 entry. Equity gained on principal adds $1,194/yr while 5% annual appreciation compounds into $51,112 by year five. Five-year ROI records 138.09% and total cumulative return in cash reaches $84,687. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,550/mo property income versus a $905/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49014, Battle Creek, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,018 (100%) |
| Owner Occupied HU | 6,234 (69.1%) |
| Renter Occupied HU | 2,116 (23.5%) |
| Vacant Housing Units | 668 ( 7.4%) |
| Median Home Value | $208,502 |
| Average Home Value | $239,100 |
Housing Distribution
Address Breakdown
Residential
8,816
Single Family
7,914
Multi-Family
902
Businesses
451
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Listed by: Melissa Kennedy • Coldwell Banker Morehart Realty
Mls Name: MichRIC
Mls ID: #26001266