REI Lense

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$2,913 (target)

950 Doolittle Ct, Kalamazoo, MI 49009

3 beds • 3 baths • 2153 sqft

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This property looks like a bad Long-Term investment with a projected -13.78% first-year return on $106k initial cash invested.

-13.78%

Cash On Cash

3.58%

Cap Rate

0.58

DSCR

$2,913

Rent

-$1,221

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,913 income − $4,134 expenses = $1,221 out of pocket

Income$2,913Out of Pocket$1,221Mortgage P&I$2,58489%Property Taxes$61021%Insurance$1826%Management$29110%CapEx$1465%Vacancy$1756%Maintenance$1465%

Investment Breakdown

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Purchase Price

$506k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,062

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,913

Total Expenses

$4,134

Mortgage P&I

89%

$2,584

Property Taxes

21%

$610

Home Insurance

6%

$182

HOA

0%

$0

Property Management

10%

$291

CapEx

5%

$146

Vacancy

6%

$175

Maintenance

5%

$146

Other

0%

$0

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