1421 Olmstead RdKalamazooMI49048
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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
Investment property for sale in Kalamazoo at 1421 Olmstead Rd, Kalamazoo, MI, 49048 offers a 13.34% rental yield on a $135,000 purchase with $1,501/mo rent. Total monthly income registers $1,501/mo, and a $661/mo payment leaves $611/mo available for distribution. Annual cash flow reaches $7,326/yr on $44,753 to close, and return on cash invested stands at 36.28% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 191.21% and total cumulative return in cash at $85,573. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,501/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49048, Kalamazoo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,282 (100%) |
| Owner Occupied HU | 6,937 (61.5%) |
| Renter Occupied HU | 3,728 (33.0%) |
| Vacant Housing Units | 617 ( 5.5%) |
| Median Home Value | $196,504 |
| Average Home Value | $286,257 |
Housing Distribution
Address Breakdown
Residential
10,732
Single Family
8,772
Multi-Family
1,960
Businesses
638
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