411 Locust StKalamazooMI49007
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 411 Locust St, Kalamazoo, MI, 49007 priced at $106,700 pairs $1,975/mo rent with $1,251/mo cash flow after a $522/mo payment. Total monthly income equals $1,975/mo, and annual cash flow comes to $15,010/yr on $35,371 invested. Return on cash invested is 62.34% in year one, and rental yield stands at 22.21% on a $106,700 basis. Equity gained on principal adds $689/yr, and 5% annual appreciation accumulates to $29,479 by year five. Five-year ROI measures 331.21% and total cumulative return in cash reaches $117,151. For financing, Ziffy Mortgage’s DSCR program evaluates $1,975/mo property income against a $522/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49007, Kalamazoo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,712 (100%) |
| Owner Occupied HU | 1,473 (25.8%) |
| Renter Occupied HU | 3,638 (63.7%) |
| Vacant Housing Units | 601 (10.5%) |
| Median Home Value | $115,844 |
| Average Home Value | $175,078 |
Housing Distribution
Address Breakdown
Residential
5,156
Single Family
3,901
Multi-Family
1,255
Businesses
873
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