223 S Riverview DrParchmentMI49004
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
Rental property for sale in Parchment at 223 S Riverview Dr, Parchment, MI, 49004 priced at $126,100 converts $1,399/mo rent into $513/mo cash flow after a $617/mo obligation. Total monthly income equals $1,399/mo, and annual cash flow totals $6,158/yr on $41,802 invested. Return on cash invested prints 34.64% in year one, and rental yield reads 13.31% against a $126,100 entry. Equity gained on principal adds $814/yr, while 5% annual appreciation compiles into $34,839 by year five. Five-year ROI reaches 183.04% and total cumulative return in cash sums $76,514. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,399/mo property income covering a $617/mo payment, not borrower’s personal income.
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
