508 Monroe StKalamazooMI49006
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 508 Monroe St, Kalamazoo, MI, 49006 generates $1,392/mo in rent and, after a $1,008/mo payment, leaves $34/mo in cash flow. Total monthly income is $1,392/mo, and annual cash flow is $406/yr on $68,289 invested. Return on cash invested sits at 20.5% in year one, and rental yield is 8.11% on a $206,000 entry. Equity gained on principal adds $1,329/yr, while 5% annual appreciation builds toward $56,914 over five years. Five-year ROI reaches 106.55% and total cumulative return in cash sums $72,764. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,392/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices