REI Lense

REI Lense

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$2,544 (target)

539 Coolidge Ave, Kalamazoo, MI 49006

3 beds • 2 baths • 1879 sqft

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This property looks like a bad Mid-Term investment with a projected -1.3% first-year return on $69,429 initial cash invested.

-1.3%

Cash On Cash

6.9%

Cap Rate

1.02

DSCR

$2,544

Rent

-$75

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,544 income − $2,619 expenses = $75 out of pocket

Income$2,544Out of Pocket$75Mortgage P&I$1,38154%Property Taxes$28711%Insurance$863%Management$30512%CapEx$1024%Vacancy$763%Maintenance$1024%Other$28011%

Investment Breakdown

|

Purchase Price

$245k

Downpayment

20.0%

Interest Rate

7.6%

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

$2,544

Total Expenses

$2,619

Mortgage P&I

54%

$1,381

Property Taxes

11%

$287

Home Insurance

3%

$86

HOA

0%

$0

Property Management

12%

$305

CapEx

4%

$102

Vacancy

3%

$76

Maintenance

4%

$102

Other

11%

$280

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