824 W Paterson StKalamazooMI49007
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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 824 W Paterson St, Kalamazoo, MI, 49007 generates $1,125/mo in rent and, after a $538/mo payment, leaves $301/mo in cash flow. Total monthly income is $1,125/mo, and annual cash flow is $3,612/yr on $36,465 invested. Return on cash invested sits at 29.81% in year one, and rental yield is 12.27% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 157.63% and total cumulative return in cash sums $57,480. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,125/mo property income rather than buyer’s personal income.
Multi Family
Built in 1890
8,712 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
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