2421 Waite AveKalamazooMI49008
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 Kalamazoo at 2421 Waite Ave, Kalamazoo, MI, 49008 priced at $619,000 converts $6,198/mo rent into $2,097/mo cash flow after a $3,030/mo obligation. Total monthly income equals $6,198/mo, and annual cash flow totals $25,166/yr on $203,651 invested. Return on cash invested prints 32.42% in year one, and rental yield reads 12.02% against a $619,000 entry. Equity gained on principal adds $3,994/yr, while 5% annual appreciation compiles into $171,018 by year five. Five-year ROI reaches 170.47% and total cumulative return in cash sums $347,173. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,198/mo property income covering a $3,030/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49008, Kalamazoo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,408 (100%) |
| Owner Occupied HU | 4,403 (59.4%) |
| Renter Occupied HU | 2,572 (34.7%) |
| Vacant Housing Units | 433 ( 5.8%) |
| Median Home Value | $313,209 |
| Average Home Value | $367,462 |
Housing Distribution
Address Breakdown
Residential
7,213
Single Family
5,774
Multi-Family
1,439
Businesses
537
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
