940 E Eagle Lake DrKalamazooMI49009
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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 940 E Eagle Lake Dr, Kalamazoo, MI, 49009 priced at $995,000 converts $3,095/mo rent into after a $4,870/mo obligation. Total monthly income equals $3,095/mo. Return on cash invested prints 7.34% in year one, and rental yield reads 3.73% against a $995,000 entry. Equity gained on principal adds $6,421/yr, while 5% annual appreciation compiles into $274,900 by year five. Five-year ROI reaches 35.94% and total cumulative return in cash sums $117,642. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,095/mo property income covering a $4,870/mo payment, not borrower’s personal income.
Single Family
Built in 1952
8,712 sqft lot
$N/A/sqft
$50 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49009, Kalamazoo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,901 (100%) |
| Owner Occupied HU | 13,468 (64.4%) |
| Renter Occupied HU | 6,435 (30.8%) |
| Vacant Housing Units | 998 ( 4.8%) |
| Median Home Value | $361,839 |
| Average Home Value | $405,222 |
Housing Distribution
Address Breakdown
Residential
20,459
Single Family
15,874
Multi-Family
4,585
Businesses
854
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