748 W Kilgore Rd APT 206KalamazooMI49008
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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 206, Kalamazoo, MI, 49008 uses $44,753 cash to close to unlock $637/yr annual cash flow and $53/mo monthly cash flow. Total monthly income runs $1,315/mo, and a $661/mo payment keeps the spread at $53/mo. Purchase price stands at $135,000, and rental yield measures 11.69% with $1,315/mo rent. Return on cash invested shows 21.33% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 114.74% and total cumulative return in cash records $51,349. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,315/mo property income covering a $661/mo payment rather than investor’s personal income.
Condo
Built in 1967
N/A lot
$N/A/sqft
$326 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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