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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 -13.14% first-year return on $78,354 initial cash invested.

-13.14%

Cash On Cash

2.79%

Cap Rate

0.47

DSCR

$2,406

Rent

-$858

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,406 income − $3,264 expenses = $858 out of pocket

Income$2,406Out of Pocket$858Mortgage P&I$1,43059%Property Taxes$57524%Insurance$1044%Management$36115%CapEx$964%Maintenance$964%Other$60225%

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

$2,406

Total Expenses

$3,264

Mortgage P&I

59%

$1,430

Property Taxes

24%

$575

Home Insurance

4%

$104

HOA

0%

$0

Property Management

15%

$361

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$602

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