703 Locust StKalamazooMI49007
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 703 Locust St, Kalamazoo, MI, 49007 in Kalamazoo. At $158,865 it earns $1,531/mo in rent and distributes $483/mo to the owner after the $714/mo payment, a consistent 11.56% yield. DSCR 2.14 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $43,891 in value; $1,463/yr in principal paydown compounds ownership stake. Total projected return: $91,647.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 7.8% |
| Monthly Cash Flow | $483 | $450 |
City averages based on Kalamazoo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,531 |
| Total Monthly Debt Service | $984 |
| DSCR Ratio | 1.56x |
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.
Multi Family
Built in 1920
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49007, Kalamazoo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,712 (100%) |
| Owner Occupied HU | 1,473 (25.8%) |
| Renter Occupied HU | 3,638 (63.7%) |
| Vacant Housing Units | 601 (10.5%) |
| Median Home Value | $115,844 |
| Average Home Value | $175,078 |
Housing Distribution
Address Breakdown
Residential
5,156
Single Family
3,901
Multi-Family
1,255
Businesses
873
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
Multi Family
Built in 1920
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49007, Kalamazoo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,712 (100%) |
| Owner Occupied HU | 1,473 (25.8%) |
| Renter Occupied HU | 3,638 (63.7%) |
| Vacant Housing Units | 601 (10.5%) |
| Median Home Value | $115,844 |
| Average Home Value | $175,078 |
Housing Distribution
Address Breakdown
Residential
5,156
Single Family
3,901
Multi-Family
1,255
Businesses
873
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
