cap rate in Kalamazoo

[Stephan Haas]

Does any one have an approx cap rate for kalamazoo...or thhe mid west?

[Nate Miersma]

Sorry for the late reply - just wanted to second what Brandon contributed earlier. In the West Michigan markets you can find 10+ if you're patient. If you're looking at higher end SFR, you might have to settle for 8-10.

Multi-family housing is all over the board... but generally speaking, if you run the numbers and they look too good to be true (especially in Kalamazoo), just walk through one and you'll understand why. 

If you ever want to catch up off-line, let me know. I have my license for my own investment purposes and use it to my advantage (I run a lot of valuation analyses each month). Shoot me a message here or at patriotsllc at gmail.

-Nate