438 Wealthy StKalamazooMI49006
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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
Rental property for sale in Kalamazoo at 438 Wealthy St, Kalamazoo, MI, 49006 generates $1,437/mo in rent and, after a $1,064/mo payment, leaves $4/mo in cash flow. Total monthly income is $1,437/mo, and annual cash flow is $42/yr on $72,045 invested. Return on cash invested sits at 19.97% in year one, and rental yield is 7.93% on a $217,329 entry. Equity gained on principal adds $1,402/yr, while 5% annual appreciation builds toward $60,044 over five years. Five-year ROI reaches 103.7% and total cumulative return in cash sums $74,713. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,437/mo property income rather than buyer’s personal income.
Single Family
Built in 1924
6,534 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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