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Vandercook Lake 49203
1364 Floyd Avenue
$159,900
● House - Off Market

1364 Floyd Avenue

Jackson, MI 49203
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,600 Ft²
$952
Est. Monthly
30.27%
Cap Rate

About This Property

Instant Equity Opportunity! Priced BELOW market value-- a rare find in today's market! This home recently appraised at $171,000! This home is in a FANTASTIC location w/quick access to US-127, directly across from the school for easy use of their facilities, & within walking distance to Vandercook Lake public access. The home offers 4 Bedrooms w/potential for a 5th.  There are bedrooms, full bathroom & laundry room all on the main level. Updated kitchen features beautiful oak cabinets, tasteful countertops & appliances included. Enjoy composite Trek deck w/hot tub. Extra-deep garage offering cement floors, electrical & wood burner. Fenced in area and shed on a concrete pad. With just a bit of TLC- paint, new flooring, & trim on the main-level-you'll be building even more equity in no time!
Unit Size
1,600 Ft²
Days on Market
18 days
Land Size
0.39 acres
Price per sqft
$100
Property Type
House
Property Taxes
$166
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (MichRIC MLS #25016271)

Price History

Date / Event Date Event Price
May 13, 2025 Sold
Premium
Sold
May 3, 2025 In contract -
In contract
Apr 18, 2025 Listed by ERA REARDON REALTY, L.L.C. $159,900
Listed by ERA REARDON REALTY, L.L.C.

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,706
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 460
  • Total Building Area: 1,531
  • Building Area: 1,531
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,531
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEVERLY HILLS
  • Land Acres: 0000000131
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 3 BEVERLY HILLS

Neighborhood

  • School District Name: Vandercook Lake Public Schools
  • School Tax School District: 38020
  • Census Tract: 005100

Zoning

  • Zoning: RU1

Geography

  • Assessors Map Reference: MAPS LABEL CITY
  • District: 17
  • Parcel: 105-13-23-426-002-00
  • Lot: 3
  • Municipality: SUMMIT TWP
  • Latitude: 42.1898
  • Longitude: -84.3844

    Address

  • Full Address: 1364 Floyd Ave
  • Legal Unit: 3
  • Address - House Number: 1364
  • Address - Street Name: Floyd
  • Address - Suffix Type: Ave
  • State: MI
  • City Name: Jackson
  • Carrier Code: C045
  • 4-Digit Zip Code: 6146
  • Zip Code: 49203

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $111,677
  • Tax Rate Code Area: 17

    Appraisal Valuation

  • Standard Deviation: 0.2425
  • Valuation Date: Dec 21, 2022
  • Confidence Score: 66
  • Final Value: 139,234
  • High Value: 173,000
  • Low Value: 105,467

    Market Valuation

  • Market Total Value: $77,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,900

    Exemptions

  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Vandercook Lake

Stats & Trends

Median Asking:

$209,950

Sale Price/ft²

$132

Below Asking

0.03%

Average Days on Market

52

Average Home Size

2005 ft²

Average Home Age

54.6 years

Currently For Sale

10 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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MichRIC

Listed by: Julie Hackworth, ERA REARDON REALTY, L.L.C.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25016271
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1364 Floyd Avenue built and last sold?
The property at 1364 Floyd Avenue was built in 1940 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1364 Floyd Avenue is $0.
What are some comparable homes to 1364 Floyd Avenue?
There are currently no comparable homes to 1364 Floyd Avenue.
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