703 Axtell 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
Rental property for sale in Kalamazoo at 703 Axtell St, Kalamazoo, MI, 49008 priced at $199,000 converts $3,138/mo rent into $1,826/mo cash flow after a $974/mo obligation. Total monthly income equals $3,138/mo, and annual cash flow totals $21,908/yr on $65,969 invested. Return on cash invested prints 53.12% in year one, and rental yield reads 18.92% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 281.49% and total cumulative return in cash sums $185,694. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,138/mo property income covering a $974/mo payment, not borrower’s personal income.
Multi Family
Built in 1929
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
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