2424 Pine Ridge RdKalamazooMI49008
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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
Investment property for sale in Kalamazoo at 2424 Pine Ridge Rd, Kalamazoo, MI, 49008 uses $91,163 cash to close to unlock $6,688/yr annual cash flow and $557/mo monthly cash flow. Total monthly income runs $2,490/mo, and a $1,346/mo payment keeps the spread at $557/mo. Purchase price stands at $275,000, and rental yield measures 10.87% with $2,490/mo rent. Return on cash invested shows 27.25% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 143.31% and total cumulative return in cash records $130,643. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,490/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1964
10,454 sqft 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
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