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2426 Charles Ave, Kalamazoo, MI 49048

3 beds • 2 baths • 1487 sqft

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This property might be a fair Airbnb investment with a projected 8.41% first-year return on $50,529 initial cash invested.

8.41%

Cash On Cash

10.36%

Cap Rate

1.52

DSCR

$2,640

Rent

$354

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,640 income − $2,286 expenses = $354 cash flow

Income$2,640Mortgage P&I$87733%Property Taxes$873%Insurance$542%Management$39615%CapEx$1064%Maintenance$1064%Other$66025%Cash Flow$354

Investment Breakdown

|

Purchase Price

$155k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,529

Downpayment

20%

$30,980

Closing costs

1%

$1,549

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$2,640

Total Expenses

$2,286

Mortgage P&I

33%

$877

Property Taxes

3%

$87

Home Insurance

2%

$54

HOA

0%

$0

Property Management

15%

$396

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$660

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