5590 Elaine AveKalamazooMI49048
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 5590 Elaine Ave, Kalamazoo, MI, 49048 in Kalamazoo speaks for itself: 13.12% gross on a $229,000 price, generating $2,503/mo in rent and $993/mo in net income after the $1,030/mo debt service. DSCR 2.43, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $11,917 stacks alongside $63,268 in projected five-year appreciation and $2,109/yr in principal reduction. Projected total cumulative return: $151,122.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.1% | 7.8% |
| Monthly Cash Flow | $993 | $450 |
City averages based on Kalamazoo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,503 |
| Total Monthly Debt Service | $1,419 |
| DSCR Ratio | 1.76x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1962
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49048, Kalamazoo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,282 (100%) |
| Owner Occupied HU | 6,937 (61.5%) |
| Renter Occupied HU | 3,728 (33.0%) |
| Vacant Housing Units | 617 ( 5.5%) |
| Median Home Value | $196,504 |
| Average Home Value | $286,257 |
Housing Distribution
Address Breakdown
Residential
10,732
Single Family
8,772
Multi-Family
1,960
Businesses
638
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
Single Family
Built in 1962
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49048, Kalamazoo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,282 (100%) |
| Owner Occupied HU | 6,937 (61.5%) |
| Renter Occupied HU | 3,728 (33.0%) |
| Vacant Housing Units | 617 ( 5.5%) |
| Median Home Value | $196,504 |
| Average Home Value | $286,257 |
Housing Distribution
Address Breakdown
Residential
10,732
Single Family
8,772
Multi-Family
1,960
Businesses
638
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices