REI Lense

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$2,406 (target)

628 Trimble Ave, Kalamazoo, MI 49048

3 beds • 2 baths • 1980 sqft

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This property might be a fair Mid-Term investment with a projected 0.62% first-year return on $66,279 initial cash invested.

0.62%

Cash On Cash

6.95%

Cap Rate

1.11

DSCR

$2,406

Rent

$34

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,406 income − $2,372 expenses = $34 cash flow

Income$2,406Mortgage P&I$1,20150%Property Taxes$27311%Insurance$803%Management$28912%CapEx$964%Vacancy$723%Maintenance$964%Other$26511%Cash Flow$34

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,279

Downpayment

20%

$45,980

Closing costs

1%

$2,299

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,406

Total Expenses

$2,372

Mortgage P&I

50%

$1,201

Property Taxes

11%

$273

Home Insurance

3%

$80

HOA

0%

$0

Property Management

12%

$289

CapEx

4%

$96

Vacancy

3%

$72

Maintenance

4%

$96

Other

11%

$265

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