REI Lense

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$4,370 (target)

950 Doolittle Ct, Kalamazoo, MI 49009

3 beds • 3 baths • 2153 sqft

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This property looks like a bad Mid-Term investment with a projected -4.75% first-year return on $124k initial cash invested.

-4.75%

Cash On Cash

5.37%

Cap Rate

0.88

DSCR

$4,370

Rent

-$492

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,370 income − $4,862 expenses = $492 out of pocket

Income$4,370Out of Pocket$492Mortgage P&I$2,58459%Property Taxes$61014%Insurance$1824%Management$52412%CapEx$1754%Vacancy$1313%Maintenance$1754%Other$48111%

Investment Breakdown

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Purchase Price

$506k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,062

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,370

Total Expenses

$4,862

Mortgage P&I

59%

$2,584

Property Taxes

14%

$610

Home Insurance

4%

$182

HOA

0%

$0

Property Management

12%

$524

CapEx

4%

$175

Vacancy

3%

$131

Maintenance

4%

$175

Other

11%

$481

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