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1222 Lakeway Ave, Kalamazoo, MI 49001

3 beds • 2 baths • 1936 sqft

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This property looks like a bad Airbnb investment with a projected -14.07% first-year return on $78,354 initial cash invested.

-14.07%

Cash On Cash

2.51%

Cap Rate

0.42

DSCR

$2,287

Rent

-$919

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,287 income − $3,206 expenses = $919 out of pocket

Income$2,287Out of Pocket$919Mortgage P&I$1,43063%Property Taxes$57525%Insurance$1045%Management$34315%CapEx$914%Maintenance$914%Other$57225%

Investment Breakdown

|

Purchase Price

$287k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,354

Downpayment

20%

$57,480

Closing costs

1%

$2,874

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,287

Total Expenses

$3,206

Mortgage P&I

63%

$1,430

Property Taxes

25%

$575

Home Insurance

5%

$104

HOA

0%

$0

Property Management

15%

$343

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$572

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