2415 Parchmount AveKalamazooMI49004
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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 2415 Parchmount Ave, Kalamazoo, MI, 49004 generates $1,524/mo in rent and, after a $1,076/mo payment, leaves $74/mo in cash flow. Total monthly income is $1,524/mo, and annual cash flow is $890/yr on $72,897 invested. Return on cash invested sits at 21.13% in year one, and rental yield is 8.32% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 109.99% and total cumulative return in cash sums $80,176. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,524/mo property income rather than buyer’s personal income.
Single Family
Built in 1954
0.25 Acres 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
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