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918 Nichols Rd, Kalamazoo, MI 49006

3 beds • 2 baths • 1989 sqft

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This property looks like a bad Mid-Term investment with a projected -7.02% first-year return on $91,500 initial cash invested.

-7.02%

Cash On Cash

4.44%

Cap Rate

0.75

DSCR

$2,714

Rent

-$535

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,714

Total Expenses

$3,249

Mortgage P&I

63%

$1,722

Property Taxes

18%

$481

Home Insurance

5%

$122

HOA

0%

$0

Property Management

12%

$326

CapEx

4%

$109

Vacancy

3%

$81

Maintenance

4%

$109

Other

11%

$299

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