424 E Thomas StParchmentMI49004
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 Parchment at 424 E Thomas St, Parchment, MI, 49004 earns $216/mo cash flow from $1,495/mo rent with a $949/mo payment. Total monthly income totals $1,495/mo, and annual cash flow totals $2,596/yr on $64,278 capital. ROI tracks 23.95% on current figures, and rental yield reads 9.25% at a $193,900 purchase. Equity gained on principal adds $1,251/yr, and 5% annual appreciation supports $53,571 over five years. Five-year ROI reaches 125.08% and total cumulative return in cash sums $80,401. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,495/mo property income instead of your personal income.
Single Family
Built in 1956
8,712 sqft 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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