3809 Devonshire AveKalamazooMI49006
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
Rental property for sale in Kalamazoo at 3809 Devonshire Ave, Kalamazoo, MI, 49006 generates $3,269/mo in rent and, after a $1,155/mo payment, leaves $1,627/mo in cash flow. Total monthly income is $3,269/mo, and annual cash flow is $19,525/yr on $78,234 invested. Return on cash invested sits at 44.87% in year one, and rental yield is 16.62% on a $236,000 entry. Equity gained on principal adds $1,523/yr, while 5% annual appreciation builds toward $65,202 over five years. Five-year ROI reaches 237.73% and total cumulative return in cash sums $185,982. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,269/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Rubin • Andover Real Estate
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240057226
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-09-16 07:12:46 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702