2120 E Main StKalamazooMI49048
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
Investment property for sale in Kalamazoo at 2120 E Main St, Kalamazoo, MI, 49048 uses $57,979 cash to close to unlock $2,714/yr annual cash flow and $226/mo monthly cash flow. Total monthly income runs $1,385/mo, and a $856/mo payment keeps the spread at $226/mo. Purchase price stands at $174,900, and rental yield measures 9.5% with $1,385/mo rent. Return on cash invested shows 24.59% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 128.59% and total cumulative return in cash records $74,556. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,385/mo property income covering a $856/mo payment rather than investor’s personal income.
Single Family
Built in 1920
6,969 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
