471 W South St APT 404KalamazooMI49007
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 471 W South St APT 404, Kalamazoo, MI, 49007 generates $1,334/mo in rent, after a $850/mo payment. Total monthly income is $1,334/mo. Return on cash invested sits at 16.95% in year one, and rental yield is 9.22% on a $173,600 entry. Equity gained on principal adds $1,120/yr, while 5% annual appreciation builds toward $47,962 over five years. Five-year ROI reaches 90% and total cumulative return in cash sums $51,791. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,334/mo property income rather than buyer’s personal income.
Condo
Built in 1922
N/A lot
$N/A/sqft
$331 monthly 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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