237 Durness CtKalamazooMI49006
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 237 Durness Ct, Kalamazoo, MI, 49006 uses $59,670 cash to close to unlock $9,533/yr annual cash flow and $794/mo monthly cash flow. Total monthly income runs $2,543/mo, and a $881/mo payment keeps the spread at $794/mo. Purchase price stands at $180,000, and rental yield measures 16.95% with $2,543/mo rent. Return on cash invested shows 35.88% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 193.17% and total cumulative return in cash records $115,265. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,543/mo property income covering a $881/mo payment rather than investor’s personal income.
Condo
Built in 1972
14.02 Acres lot
$N/A/sqft
$456 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
