520 E North StKalamazooMI49007
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 520 E North St, Kalamazoo, MI, 49007 offers $1,740/mo rent that, after a $2,912/mo payment. Total monthly income is $1,740/mo. Return on cash invested measures 4.12% in year one, and rental yield stands at 3.51% at a $594,900 entry. Equity gained on principal adds $3,839/yr while 5% annual appreciation compounds into $164,360 by year five. Five-year ROI records 19.59% and total cumulative return in cash reaches $38,347. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,740/mo property income versus a $2,912/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1939
0.75 Acres lot
$N/A/sqft
$417 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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