2345 Fairgrove StKalamazooMI49009
Nearby investment properties with comparable rents
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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 2345 Fairgrove St, Kalamazoo, MI, 49009 offers $1,674/mo rent that, after a $935/mo payment. Total monthly income is $1,674/mo. Return on cash invested measures 18.68% in year one, and rental yield stands at 10.52% at a $191,000 entry. Equity gained on principal adds $1,232/yr while 5% annual appreciation compounds into $52,770 by year five. Five-year ROI records 100.15% and total cumulative return in cash reaches $63,410. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,674/mo property income versus a $935/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A lot
$N/A/sqft
$466 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49009, Kalamazoo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,901 (100%) |
| Owner Occupied HU | 13,468 (64.4%) |
| Renter Occupied HU | 6,435 (30.8%) |
| Vacant Housing Units | 998 ( 4.8%) |
| Median Home Value | $361,839 |
| Average Home Value | $405,222 |
Housing Distribution
Address Breakdown
Residential
20,459
Single Family
15,874
Multi-Family
4,585
Businesses
854
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