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Jackson 49201
7966 Cain Road
$291,900
● House - Off Market

7966 Cain Road

Jackson, MI 49201
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,188 Ft²
$1,670
Est. Monthly
6.21%
Cap Rate

About This Property

Come see this Beautiful Ranch home! Located in Jackson but in Grass Lake school district! Sitting on over an acre with a fenced in backyard! This home is located with updates! New water heater, new pressure tank, new gutters, new flooring in living room and bedrooms, recently refinished hard wood floors, and painted throughout! With 3 bedrooms and 2 full baths on the main floor. A finished walkout basement, this home has plenty to offer! Schedule a showing today!
Unit Size
2,188 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$137
Property Type
House
Property Taxes
$197
HOA Dues
-
Year Built
1988

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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: 3 years ago (MichRIC MLS #24026955)

Price History

Date / Event Date Event Price
Jun 21, 2024 Sold
Premium
Sold
May 30, 2024 Listed by The Charles Reinhart Company $299,900
Listed by The Charles Reinhart Company
Jan 3, 2011 Sold
Premium
Sold
Nov 7, 2003 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,344
  • Garage Type: 7
  • Garage Square Area: 672
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,997
  • Lot Size Depth Feet: 3,000
  • Lot Size Frontage Feet: 1,500
  • Total Building Area: 1,344
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LENS ACRES
  • Land Acres: 0000001033
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 13 LEN'S ACRES SEC 26 T2S R1E

Neighborhood

  • School District Name: Grass Lake Community Schools
  • School Tax School District: 38050
  • Census Tract: 006002

Zoning

  • Zoning: R-1 ONE

Geography

  • Assessors Map Reference: MAPS
  • District: 07
  • Parcel: 000-09-26-476-003-20
  • Lot: 13
  • Meridian: SEC 26 TWN 02S RNG 01E
  • Municipality: LEONI TWP
  • Latitude: 42.2634
  • Longitude: -84.2758

    Address

  • Full Address: 7966 Cain Rd
  • Legal Unit: 13
  • Address - House Number: 7966
  • Address - Street Name: Cain
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: Jackson
  • Carrier Code: R002
  • 4-Digit Zip Code: 9630
  • Zip Code: 49201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $165,859
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.1891
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 75
  • Final Value: 292,524
  • High Value: 347,851
  • Low Value: 237,198

    Market Valuation

  • Market Total Value: $236,846

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $118,423

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 21, 2010
  • Current Sale Recording Date: Jan 03, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2581177
  • Previous Sale Recording Date: Nov 07, 2003
  • Previous Sale Contract Date: Jul 15, 2003
  • Previous Sale Amount: $154,000
  • Previous Sale Document Type: 71
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 Jackson

Stats & Trends

Median Asking:

$233,000

Sale Price/ft²

$145

Below Asking

0.03%

Average Days on Market

55

Average Home Size

1889 ft²

Average Home Age

74.5 years

Currently For Sale

414 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

Rentals Near You

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: Blake Wyant, The Charles Reinhart Company
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24026955
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 7966 Cain Road built and last sold?
The property at 7966 Cain Road was built in 1988 and last sold on Dec 21, 2010 for $132,000.
How much is this home worth?
The estimated value of the home located at 7966 Cain Road is $0.
What are some comparable homes to 7966 Cain Road?
There are currently no comparable homes to 7966 Cain Road.
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