223 S Riverview DrParchmentMI49004
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 223 S Riverview Dr, Parchment, MI, 49004 in Parchment: $1,399/mo in rent, $513/mo net, 13.32% gross yield, all on a $126,100 acquisition. The 2.47 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $34,839 in value, and $1,161/yr in principal paydown steadily builds equity. Projected total cumulative return: $81,332.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.3% | 7.0% |
| Monthly Cash Flow | $513 | $850 |
City averages based on Parchment market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,399 |
| Total Monthly Debt Service | $836 |
| DSCR Ratio | 1.67x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1950
10,454 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
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
Multi Family
Built in 1950
10,454 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices