216 Cherry Hill StKalamazooMI49006
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 216 Cherry Hill St, Kalamazoo, MI, 49006 at $165,000 posts ROI 25.01% with $233/mo cash flow from $1,321/mo rent. Total monthly income equals $1,321/mo, and annual cash flow records $2,790/yr on $54,698 to close. Return on cash invested measures 25.01% and rental yield reads 9.61% at the current $165,000. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 by year five. Five-year ROI prints 130.78% and total cumulative return in cash totals $71,531.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,321/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1972
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49006, Kalamazoo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,788 (100%) |
| Owner Occupied HU | 4,353 (36.9%) |
| Renter Occupied HU | 6,674 (56.6%) |
| Vacant Housing Units | 761 ( 6.5%) |
| Median Home Value | $219,715 |
| Average Home Value | $244,522 |
Housing Distribution
Address Breakdown
Residential
11,194
Single Family
8,650
Multi-Family
2,544
Businesses
381
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