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$121,900

For Sale - Active
1717 Carl Breeding Way, Jackson, MI 49203
3 Beds
2 Baths
1,292 Square Feet
0.15 Acres Lot
Built in 1900
For Sale - Active
Units n/a
Checked: 5 hours ago
Updated: Jul 29, 2025 at 12:17AM

Investment Summary


Monthly Cash Flow
$138
Cap Rate
7.5%
Cash-on-Cash Return
5.9%
Debt Coverage Ratio
1.22
Internal Rate of Return (5 years)
9.7%

Property Description


0.15 Acres Lot
Built in 1900
For Sale - Active
Units n/a

Charming city home on corner lot, Enjoy your mornings on covered back deck, built in bench seat, yard with beautiful blooming perennial gardens, enclosed front porch, living room with original hardwood floors, main floor Primary bedroom, formal dining room, front den/ home office, main floor full bath, all freshly painted, Updated kitchen with appliances and a handy pantry, Upstairs you will find two more bedrooms, including one with a walk -in closet, Plus a versatile loft area perfect for playroom, newer half bath, Full basement, New Furnace 2025, New roof on House and Garage 2022. Detached Garage, with Concrete floor, lots of room for storage, Move in ready full of Character, adjacent to the park.

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Location


Property Details


Parking

  • Description: Detached
  • Details: Garage Faces Side, Detached, Gravel
  • Garage Spaces: 1
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 10
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full

Land Information

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

Lot Information

  • Parcel ID: 5180300000
  • Lot Size: 6534 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Cape Cod
  • Year Built: 1900

Tax Information

  • Annual Tax: $1,614

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: Ceiling Fan(s)

Location

  • County: Jackson

Listing Details


Listed by:
TRACEY J CONNORS
ERA REARDON REALTY, L.L.C.
(517) 206-6798

Source:
Southwestern Michigan Association of REALTORS
MLS#: 25037521
Southwestern Michigan Association of REALTORS

Investment Summary


Monthly Cash Flow
$138
Cap Rate
7.5%
Cash-on-Cash Return
5.9%
Debt Coverage Ratio
1.22
Internal Rate of Return (5 years)
9.7%

Purchase Details

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Purchase price:
$121,900
Amount financed:
-$97,520
Down payment:
$24,380
Closing costs:
$3,657
Rehab costs:
$0
Initial cash invested:
$28,037
Square feet:
1,292
Cost per square foot:
$94
Monthly rent per square foot:
$1.01

Financing Details

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Loan amount:
$97,520
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$624
Property tax:
$135
Insurance:
$91
Private mortgage insurance (PMI):
$0
Monthly payment:
$850

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,300 $15,600
Vacancy loss: (6%)
6% -$78 -$936
Operating income:
$1,222 $14,664

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$135-$1,614
Insurance: (7%)
7%-$91-$1,092
Property management: (8%)
8%-$104-$1,248
Repairs & maintenance: (5%)
5%-$65-$780
Capital expenditures: (5%)
5%-$65-$780
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (35%)
35%-$460-$5,514

Cash Flow


Monthly Yearly
Net operating income:
$762 $9,144
Mortgage payments:
-$624 -$7,488
Cash flow:
$138 $1,656