1230 N Eagle Lake DrKalamazooMI49009
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Kalamazoo at 1230 N Eagle Lake Dr, Kalamazoo, MI, 49009 priced at $1,550,000 pairs $5,964/mo rent with after a $7,586/mo payment. Total monthly income equals $5,964/mo. Return on cash invested is 10.2% in year one, and rental yield stands at 4.62% on a $1,550,000 basis. Equity gained on principal adds $10,002/yr, and 5% annual appreciation accumulates to $428,236 by year five. Five-year ROI measures 51.21% and total cumulative return in cash reaches $257,161. For financing, Ziffy Mortgage’s DSCR program evaluates $5,964/mo property income against a $7,586/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2008
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49009, Kalamazoo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,901 (100%) |
| Owner Occupied HU | 13,468 (64.4%) |
| Renter Occupied HU | 6,435 (30.8%) |
| Vacant Housing Units | 998 ( 4.8%) |
| Median Home Value | $361,839 |
| Average Home Value | $405,222 |
Housing Distribution
Address Breakdown
Residential
20,459
Single Family
15,874
Multi-Family
4,585
Businesses
854
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