1493 Remus StKalamazooMI49004
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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 1493 Remus St, Kalamazoo, MI, 49004 uses $44,752 cash to close to unlock $3,690/yr annual cash flow and $308/mo monthly cash flow. Total monthly income runs $1,198/mo, and a $661/mo payment keeps the spread at $308/mo. Purchase price stands at $134,999, and rental yield measures 10.65% with $1,198/mo rent. Return on cash invested shows 28.15% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 147.64% and total cumulative return in cash records $66,072. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,198/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1956
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49004, Kalamazoo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,278 (100%) |
| Owner Occupied HU | 5,089 (69.9%) |
| Renter Occupied HU | 1,893 (26.0%) |
| Vacant Housing Units | 296 ( 4.1%) |
| Median Home Value | $210,048 |
| Average Home Value | $266,451 |
Housing Distribution
Address Breakdown
Residential
7,034
Single Family
6,643
Multi-Family
391
Businesses
221
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