602 Forest 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
Investment property for sale in Kalamazoo at 602 Forest St, Kalamazoo, MI, 49008 at $136,900 posts ROI 22.79% with $109/mo cash flow from $1,034/mo rent. Total monthly income equals $1,034/mo, and annual cash flow records $1,307/yr on $45,382 to close. Return on cash invested measures 22.79% and rental yield reads 9.06% at the current $136,900. Equity gained on principal adds $883/yr, and 5% annual appreciation supports $37,823 by year five. Five-year ROI prints 119.04% and total cumulative return in cash totals $54,021.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,034/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1888
8,712 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
