616 Lynn Ave UNIT 23KalamazooMI49008
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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
Rental property for sale in Kalamazoo at 616 Lynn Ave UNIT 23, Kalamazoo, MI, 49008 generates $1,308/mo in rent and, after a $563/mo payment, leaves $550/mo in cash flow. Total monthly income is $1,308/mo, and annual cash flow is $6,594/yr on $38,123 invested. Return on cash invested sits at 37.21% in year one, and rental yield is 13.65% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 196.19% and total cumulative return in cash sums $74,793. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,308/mo property income rather than buyer’s personal income.
Condo
Built in 1967
N/A 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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