748 W Kilgore Rd APT 102KalamazooMI49008
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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 748 W Kilgore Rd APT 102, Kalamazoo, MI, 49008 uses $41,736 cash to close to unlock $6,799/yr annual cash flow and $567/mo monthly cash flow. Total monthly income runs $1,781/mo, and a $616/mo payment keeps the spread at $567/mo. Purchase price stands at $125,900, and rental yield measures 16.98% with $1,781/mo rent. Return on cash invested shows 36.2% in year one, and 5% annual appreciation builds toward $34,784 over five years. Five-year ROI reaches 194.8% and total cumulative return in cash records $81,300. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,781/mo property income covering a $616/mo payment rather than investor’s personal income.
Condo
Built in 1967
1.61 Acres lot
$N/A/sqft
$301 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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