REI Lense

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$4,425 (target)

2910 N 5th St, Kalamazoo, MI 49009

3 beds • 3 baths • 2193 sqft

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This property looks like a bad Mid-Term investment with a projected -3.47% first-year return on $109k initial cash invested.

-3.47%

Cash On Cash

5.96%

Cap Rate

0.94

DSCR

$4,425

Rent

-$316

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,425 income − $4,741 expenses = $316 out of pocket

Income$4,425Out of Pocket$316Mortgage P&I$2,29852%Property Taxes$78618%Insurance$1523%Management$53112%CapEx$1774%Vacancy$1333%Maintenance$1774%Other$48711%

Investment Breakdown

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Purchase Price

$435k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$87,000

Closing costs

1%

$4,350

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,425

Total Expenses

$4,741

Mortgage P&I

52%

$2,298

Property Taxes

18%

$786

Home Insurance

3%

$152

HOA

0%

$0

Property Management

12%

$531

CapEx

4%

$177

Vacancy

3%

$133

Maintenance

4%

$177

Other

11%

$487

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