606 Lynn Ave UNIT 15KalamazooMI49008
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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 606 Lynn Ave UNIT 15, Kalamazoo, MI, 49008 offers a 13.39% rental yield on a $128,975 purchase with $1,439/mo rent. Total monthly income registers $1,439/mo, and a $631/mo payment leaves $339/mo available for distribution. Annual cash flow reaches $4,065/yr on $42,755 to close, and return on cash invested stands at 29.42% in year one. Equity gained on principal adds $832/yr while 5% annual appreciation supports $35,633 over five years. Portfolio math shows five-year ROI at 156.88% and total cumulative return in cash at $67,073. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,439/mo property income against a $631/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1967
2.01 Acres lot
$N/A/sqft
$250 monthly 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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