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$295,000

For Sale - Active
6390 Celery St, Kalamazoo, MI 49048
4 Beds
2 Baths
1,040 Square Feet
15.87 Acres Lot
Built in 1977
For Sale - Active
Units n/a
Checked: 17 hours ago
Updated: Jun 07, 2025 at 11:08PM

Investment Summary


Monthly Cash Flow
-$617
Cap Rate
3.8%
Cash-on-Cash Return
-10.9%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.6%

Property Description


15.87 Acres Lot
Built in 1977
For Sale - Active
Units n/a

This charming ranch-style home, sitting on approximately 15 acres, offers a spacious and practical layout, ready to meet your needs! Enter the home from the two car attached garage into the kitchen. Kitchen leads to the living room and hallway where 1 full bathroom and 3 bedrooms await. Primary bedroom has a half bath attached. Walk out basement with wood burning stove, possible 4th bedroom, storage and room to expand.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Garage Door Opener, Garage Faces Front, Attached, Unpaved
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Full, Walk-Out Access, Partially Finished, Sump Pump
  • Fireplace: Yes

Exterior Features

  • Roof Material: Asphalt, Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0720330050
  • Lot Size: 691297 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1977

Tax Information

  • Annual Tax: $3,765

Utilities

  • Water & Sewer: Private, Well
  • Heating: Natural Gas, Forced Air
  • Cooling: Ceiling Fan(s)

Location

  • County: Kalamazoo

Listing Details


Listed by:
Reuben C Mishler
CENTURY 21 C. Howard
(269) 312-2040

Source:
Southwestern Michigan Association of REALTORS
MLS#: 25026949
Southwestern Michigan Association of REALTORS

Investment Summary


Monthly Cash Flow
-$617
Cap Rate
3.8%
Cash-on-Cash Return
-10.9%
Debt Coverage Ratio
0.60
Internal Rate of Return (5 years)
-6.6%

Purchase Details

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Purchase price:
$295,000
Amount financed:
-$236,000
Down payment:
$59,000
Closing costs:
$8,850
Rehab costs:
$0
Initial cash invested:
$67,850
Square feet:
1,040
Cost per square foot:
$284
Monthly rent per square foot:
$1.73

Financing Details

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Loan amount:
$236,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$1,545
Property tax:
$314
Insurance:
$126
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,985

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,800 $21,600
Vacancy loss: (6%)
6% -$108 -$1,296
Operating income:
$1,692 $20,304

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$314-$3,765
Insurance: (7%)
7%-$126-$1,512
Property management: (8%)
8%-$144-$1,728
Repairs & maintenance: (5%)
5%-$90-$1,080
Capital expenditures: (5%)
5%-$90-$1,080
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (42%)
42%-$764-$9,165

Cash Flow


Monthly Yearly
Net operating income:
$928 $11,136
Mortgage payments:
-$1,545 -$18,540
Cash flow:
$617 $7,404