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Jackson 49201
7988 Cain Road
$301,000
● House - Off Market

7988 Cain Road

Jackson, MI 49201
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,096 Ft²
$1,707
Est. Monthly
10.27%
Cap Rate

About This Property

***ALL OFFERS DUE BY 6PM 3/25/2024*** Welcome to 7988 Cain, where charm meets functionality in this beautiful hillside home. With 4 bedrooms and 3 bathrooms spread across 2,096 square feet, enjoy ample space for comfortable living. relax on the spacious deck overlooking the expansive backyard or retreat to the walkout lower level for seamless indoor-outdoor living. Situated on just over 1 acre this property features a picturesque front porch and a versatile pole barn/garage with a workshop. Conveniently located minutes from Sandhill Crane Vineyards, Greenwood Acres Campground and I-94. Step out of the subdivision/city life and stretch your arms with this wonderful home with all the goods already completed!
Unit Size
2,096 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$143
Property Type
House
Property Taxes
$234
HOA Dues
-
Year Built
1995

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 3 years ago (MichRIC MLS #24013440)

Price History

Date / Event Date Event Price
May 3, 2024 Sold
Premium
Sold
Mar 20, 2024 Listed by The Charles Reinhart Company $299,900
Listed by The Charles Reinhart Company
Dec 7, 2011 Sold
Premium
Sold
Oct 24, 1996 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 40
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 576
  • 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: 2,096
  • Building Area: 2,096
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,096
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LENS ACRES SUBDIVISION
  • Land Acres: 0000001033
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 7 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: 000-09-26-476-003-14
  • Lot: 7
  • Meridian: SEC 26 TWN 02S RNG 01E
  • Municipality: LEONI TWP
  • Latitude: 42.2634
  • Longitude: -84.2726

    Address

  • Full Address: 7988 Cain Rd
  • Legal Unit: 7
  • Address - House Number: 7988
  • 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: $196,960
  • Tax Rate Code Area: 7

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 75
  • Final Value: 296,660
  • High Value: 352,271
  • Low Value: 241,050

    Market Valuation

  • Market Total Value: $244,370

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $122,185

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 01, 2011
  • Current Sale Recording Date: Dec 07, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2605966
  • Previous Sale Recording Date: Oct 24, 1996
  • Previous Sale Contract Date: Oct 24, 1996
  • Previous Sale Amount: $131,900
  • 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: Matthew McKernan, The Charles Reinhart Company
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 24013440
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 7988 Cain Road built and last sold?
The property at 7988 Cain Road was built in 1995 and last sold on Dec 1, 2011 for $120,000.
How much is this home worth?
The estimated value of the home located at 7988 Cain Road is $0.
What are some comparable homes to 7988 Cain Road?
There are currently no comparable homes to 7988 Cain Road.
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