REI Lense

REI Lense

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$2,942 (target)

2323 Cumberland St, Kalamazoo, MI 49006

3 beds • 2 baths • 992 sqft

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This property might be a fair Mid-Term investment with a projected 3.72% first-year return on $69,429 initial cash invested.

3.72%

Cash On Cash

8.01%

Cap Rate

1.26

DSCR

$2,942

Rent

$215

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,429

Downpayment

20%

$48,980

Closing costs

1%

$2,449

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,942

Total Expenses

$2,727

Mortgage P&I

44%

$1,301

Property Taxes

12%

$339

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$353

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$324

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