1716 Miles Ave,Kalamazoo,MI,49001

Investment Highlights

Rental property for sale in Kalamazoo at 1716 Miles Ave, Kalamazoo, MI, 49001 priced at $269,900 converts $2,017/mo rent into $237/mo cash flow after a $1,321/mo obligation. Total monthly income equals $2,017/mo, and annual cash flow totals $2,846/yr on $89,472 invested. Return on cash invested prints 23.09% in year one, and rental yield reads 8.97% against a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,568 by year five. Five-year ROI reaches 120.49% and total cumulative return in cash sums $107,802. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,017/mo property income covering a $1,321/mo payment, not borrower’s personal income.