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7066 Northstar Ave, Kalamazoo, MI 49009

3 beds • 3 baths • 2750 sqft

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This property looks like a bad Airbnb investment with a projected -24.9% first-year return on $161k initial cash invested.

-24.9%

Cash On Cash

0.24%

Cap Rate

0.04

DSCR

$2,423

Rent

-$3,351

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,423 income − $5,774 expenses = $3,351 out of pocket

Income$2,423Out of Pocket$3,351Mortgage P&I$3,388140%Property Taxes$92738%Insurance$28712%HOA$9Management$36315%CapEx$974%Maintenance$974%Other$60625%

Investment Breakdown

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Purchase Price

$683k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$161k

Downpayment

20%

$137k

Closing costs

1%

$6,833

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,423

Total Expenses

$5,774

Mortgage P&I

140%

$3,388

Property Taxes

38%

$927

Home Insurance

12%

$287

HOA

0%

$9

Property Management

15%

$363

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$606

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