332 Espanola AveParchmentMI49004
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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 Parchment at 332 Espanola Ave, Parchment, MI, 49004 with 5% annual appreciation on a $259,500 basis while $1,713/mo rent supports operations. Total monthly income totals $1,713/mo and a $1,270/mo payment preserves $2/mo for cash returns. Annual cash flow comes to $22/yr on $86,024 deployed, and return on cash invested reaches 19.93% in year one. Equity gained on principal adds $1,675/yr, and five-year appreciation sums $71,695 alongside rental yield of 7.92%. Five-year ROI measures 103.51% and total cumulative return in cash totals $89,045.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,713/mo property income versus a $1,270/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
0.33 Acres 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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