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$2,385 (target)

1612 Homecrest Ave, Kalamazoo, MI 49001

3 beds • 2 baths • 1301 sqft

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This property might be a fair Mid-Term investment with a projected 0.92% first-year return on $66,279 initial cash invested.

0.92%

Cash On Cash

7.21%

Cap Rate

1.12

DSCR

$2,385

Rent

$51

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,385 income − $2,334 expenses = $51 cash flow

Income$2,385Mortgage P&I$1,23652%Property Taxes$2089%Insurance$803%Management$28612%CapEx$954%Vacancy$723%Maintenance$954%Other$26211%Cash Flow$51

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,279

Downpayment

20%

$45,980

Closing costs

1%

$2,299

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,385

Total Expenses

$2,334

Mortgage P&I

52%

$1,236

Property Taxes

9%

$208

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$286

CapEx

4%

$95

Vacancy

3%

$72

Maintenance

4%

$95

Other

11%

$262

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