2405 Crest Avenue
About This Property
This quaint home is located on a quiet street in Jackson, Michigan. It offers 3 potential bedrooms, with one currently being used as a laundry room. The house was built sometime in the 1940s, though the exact year is unknown, and it has a cozy, classic feel.
The property includes two parcels. The main lot (where the home sits) measures 80 feet by 140 feet, and the second lot behind it is 40 feet by 140 feet. This extra parcel is perfect for a garden, play area, or even a second driveway with access from Vining Street. The home has public water and a septic system. There's also a one-car garage with extra space that could be used as a small workshop or storage area.
This is a great opportunity for someone looking for a quiet home with a little extra land!
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 20, 2025 | Sold | ||
| Sold | |||
| Aug 13, 2025 | In contract | - | |
| In contract | |||
| Aug 7, 2025 | Listed by Howard Hanna Real Estate | $122,000 | |
| Listed by Howard Hanna Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017