1824 Junction AveKalamazooMI49048
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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
Rental property for sale in Kalamazoo at 1824 Junction Ave, Kalamazoo, MI, 49048 priced at $157,900 converts $2,046/mo rent into $947/mo cash flow after a $773/mo obligation. Total monthly income equals $2,046/mo, and annual cash flow totals $11,360/yr on $52,344 invested. Return on cash invested prints 41.61% in year one, and rental yield reads 15.55% against a $157,900 entry. Equity gained on principal adds $1,019/yr, while 5% annual appreciation compiles into $43,625 by year five. Five-year ROI reaches 220.27% and total cumulative return in cash sums $115,298. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,046/mo property income covering a $773/mo payment, not borrower’s personal income.
Single Family
Built in 1958
7,840 sqft 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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Listed by: Jenifer Taylor • Jenifer Taylor Realty
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #283486
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS