582 Riverside DrBattle 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
Rental property for sale in Battle Creek at 582 Riverside Dr, Battle Creek, MI, 49015 priced at $173,900 converts $1,325/mo rent into $178/mo cash flow after a $851/mo obligation. Total monthly income equals $1,325/mo, and annual cash flow totals $2,140/yr on $57,648 invested. Return on cash invested prints 23.62% in year one, and rental yield reads 9.14% against a $173,900 entry. Equity gained on principal adds $1,122/yr, while 5% annual appreciation compiles into $48,045 by year five. Five-year ROI reaches 123.31% and total cumulative return in cash sums $71,086. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,325/mo property income covering a $851/mo payment, not borrower’s personal income.
Single Family
Built in 1955
7,840 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: Noelle A Pelton • Epique Realty
Mls Name: MichRIC
Mls ID: #25053690