509 McCourtie StKalamazooMI49008
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 509 McCourtie St, Kalamazoo, MI, 49008 offers $1,357/mo rent that, after a $609/mo payment, leaves $532/mo cash flow. Total monthly income is $1,357/mo, and annual cash flow is $6,381/yr on $41,272 cash. Return on cash invested measures 35.37% in year one, and rental yield stands at 13.08% at a $124,500 entry. Equity gained on principal adds $803/yr while 5% annual appreciation compounds into $34,397 by year five. Five-year ROI records 186.35% and total cumulative return in cash reaches $76,912. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,357/mo property income versus a $609/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1885
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49008, Kalamazoo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,408 (100%) |
| Owner Occupied HU | 4,403 (59.4%) |
| Renter Occupied HU | 2,572 (34.7%) |
| Vacant Housing Units | 433 ( 5.8%) |
| Median Home Value | $313,209 |
| Average Home Value | $367,462 |
Housing Distribution
Address Breakdown
Residential
7,213
Single Family
5,774
Multi-Family
1,439
Businesses
537
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