2610 Lorraine 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
Investment property for sale in Kalamazoo at 2610 Lorraine Ave, Kalamazoo, MI, 49008 uses $87,848 cash to close to unlock $1,806/yr annual cash flow and $151/mo monthly cash flow. Total monthly income runs $1,898/mo, and a $1,297/mo payment keeps the spread at $151/mo. Purchase price stands at $265,000, and rental yield measures 8.59% with $1,898/mo rent. Return on cash invested shows 21.96% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 114.41% and total cumulative return in cash records $100,503. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,898/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1940
7,405 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices