423 Prairie 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
Investment property for sale in Kalamazoo at 423 Prairie Ave, Kalamazoo, MI, 49006 at $169,000 posts ROI 29.18% with $433/mo cash flow from $1,547/mo rent. Total monthly income equals $1,547/mo, and annual cash flow records $5,192/yr on $56,024 to close. Return on cash invested measures 29.18% and rental yield reads 10.98% at the current $169,000. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 by year five. Five-year ROI prints 153.08% and total cumulative return in cash totals $85,759.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,547/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1902
4,791 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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