943 Eldridge DrKalamazooMI49006
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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 943 Eldridge Dr, Kalamazoo, MI, 49006 uses $92,489 cash to close to unlock $152/yr annual cash flow and $13/mo monthly cash flow. Total monthly income runs $1,853/mo, and a $1,366/mo payment keeps the spread at $13/mo. Purchase price stands at $279,000, and rental yield measures 7.97% with $1,853/mo rent. Return on cash invested shows 20.07% in year one, and 5% annual appreciation builds toward $77,083 over five years. Five-year ROI reaches 104.26% and total cumulative return in cash records $96,427. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,853/mo property income covering a $1,366/mo payment rather than investor’s personal income.
Single Family
Built in 1982
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49006, Kalamazoo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,788 (100%) |
| Owner Occupied HU | 4,353 (36.9%) |
| Renter Occupied HU | 6,674 (56.6%) |
| Vacant Housing Units | 761 ( 6.5%) |
| Median Home Value | $219,715 |
| Average Home Value | $244,522 |
Housing Distribution
Address Breakdown
Residential
11,194
Single Family
8,650
Multi-Family
2,544
Businesses
381
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