REI Lense

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$3,513 (target)

6647 Whitehorse Ave, Kalamazoo, MI 49048

3 beds • 3 baths • 1854 sqft

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This property looks like a bad Mid-Term investment with a projected -0.81% first-year return on $91,332 initial cash invested.

-0.81%

Cash On Cash

6.67%

Cap Rate

1.04

DSCR

$3,513

Rent

-$62

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,513 income − $3,575 expenses = $62 out of pocket

Income$3,513Out of Pocket$62Mortgage P&I$1,86253%Property Taxes$39211%Insurance$1264%Management$42212%CapEx$1414%Vacancy$1053%Maintenance$1414%Other$38611%

Investment Breakdown

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Purchase Price

$349k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,332

Downpayment

20%

$69,840

Closing costs

1%

$3,492

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,513

Total Expenses

$3,575

Mortgage P&I

53%

$1,862

Property Taxes

11%

$392

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$422

CapEx

4%

$141

Vacancy

3%

$105

Maintenance

4%

$141

Other

11%

$386

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