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$142,900

For Sale - Active
1200 Sheldon St, Jackson, MI 49203
3 Beds
2 Baths
1,218 Square Feet
0.13 Acres Lot
Built in 1930
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jun 03, 2025 at 03:24AM

Investment Summary


Monthly Cash Flow
$181
Cap Rate
7.8%
Cash-on-Cash Return
6.6%
Debt Coverage Ratio
1.24
Internal Rate of Return (5 years)
10.4%

Property Description


0.13 Acres Lot
Built in 1930
For Sale - Active
Units n/a

Updated home with lots of charm in the City of Jackson. Open staircase. Natural light with large new windows, new flooring, fresh paint inside and out. Enclosed front porch and large open deck in back. New appliances, make this a great home. 1218 sq ft.

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Location


Property Details


Parking

  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Partial

Exterior Features

  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 4102400000
  • Lot Size: 5663 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Farmhouse
  • Year Built: 1930

Tax Information

  • Annual Tax: $2,118

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air

Location

  • County: Jackson

Listing Details


Listed by:
LYNN SAJDAK
Home 1st Real Estate
(517) 740-8916

Source:
Southwestern Michigan Association of REALTORS
MLS#: 25001209
Southwestern Michigan Association of REALTORS

Investment Summary


Monthly Cash Flow
$181
Cap Rate
7.8%
Cash-on-Cash Return
6.6%
Debt Coverage Ratio
1.24
Internal Rate of Return (5 years)
10.4%

Purchase Details

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Purchase price:
$142,900
Amount financed:
-$114,320
Down payment:
$28,580
Closing costs:
$4,287
Rehab costs:
$0
Initial cash invested:
$32,867
Square feet:
1,218
Cost per square foot:
$117
Monthly rent per square foot:
$1.31

Financing Details

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Loan amount:
$114,320
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$746
Property tax:
$177
Insurance:
$112
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,035

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (11%)
11%-$177-$2,118
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (36%)
36%-$577-$6,918

Cash Flow


Monthly Yearly
Net operating income:
$927 $11,124
Mortgage payments:
-$746 -$8,952
Cash flow:
$181 $2,172