269 E Oak Grove AveParchmentMI49004
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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 Parchment at 269 E Oak Grove Ave, Parchment, MI, 49004 offers a 9.61% rental yield on a $178,000 purchase with $1,425/mo rent. Total monthly income registers $1,425/mo, and a $871/mo payment leaves $251/mo available for distribution. Annual cash flow reaches $3,017/yr on $59,007 to close, and return on cash invested stands at 25.02% in year one. Equity gained on principal adds $1,149/yr while 5% annual appreciation supports $49,178 over five years. Portfolio math shows five-year ROI at 130.83% and total cumulative return in cash at $77,197. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,425/mo property income against a $871/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
7,405 sqft 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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