2908 Olney RdKalamazooMI49006
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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 2908 Olney Rd, Kalamazoo, MI, 49006 listed at $186,500 pairs $1,973/mo rent with a $913/mo payment to leave $677/mo cash flow. Total monthly income runs $1,973/mo, and annual cash flow reaches $8,123/yr on $61,825 cash to close. Return on cash invested measures 33.05% in year one, and rental yield registers 12.69% at a $186,500 basis. Equity gained on principal adds $1,203/yr, and annual property appreciation at 5% supports $51,527 by year five. Five-year ROI tracks 174.31% and total cumulative return in cash totals $107,765. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,973/mo property income relative to a $913/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1955
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49006, Kalamazoo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,788 (100%) |
| Owner Occupied HU | 4,353 (36.9%) |
| Renter Occupied HU | 6,674 (56.6%) |
| Vacant Housing Units | 761 ( 6.5%) |
| Median Home Value | $219,715 |
| Average Home Value | $244,522 |
Housing Distribution
Address Breakdown
Residential
11,194
Single Family
8,650
Multi-Family
2,544
Businesses
381
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