REI Lense

REI Lense

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$2,340 (target)

217 Evelyn Ave, Kalamazoo, MI 49001

3 beds • 2 baths • 1632 sqft

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This property looks like a bad Mid-Term investment with a projected -3.04% first-year return on $72,159 initial cash invested.

-3.04%

Cash On Cash

5.98%

Cap Rate

0.94

DSCR

$2,340

Rent

-$183

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,340 income − $2,523 expenses = $183 out of pocket

Income$2,340Out of Pocket$183Mortgage P&I$1,37459%Property Taxes$26311%Insurance$904%Management$28112%CapEx$944%Vacancy$703%Maintenance$944%Other$25711%

Investment Breakdown

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Purchase Price

$258k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,159

Downpayment

20%

$51,580

Closing costs

1%

$2,579

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,340

Total Expenses

$2,523

Mortgage P&I

59%

$1,374

Property Taxes

11%

$263

Home Insurance

4%

$90

HOA

0%

$0

Property Management

12%

$281

CapEx

4%

$94

Vacancy

3%

$70

Maintenance

4%

$94

Other

11%

$257

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