Kalamazoo Michigan analysis feedback needed

[Josh Bloomquist]

I'm considering buying a property in decent (C+ or B-) neighborhood in Kalamazoo and want to get some feedback from the BP community. Below are the potential numbers on the house. I'm attempting to use the "BRRRR" method to acquire this property, but I don't think I will be able to free up all my cash once I get a loan on it (and that's okay for me at this point). I'm curious what C on C return, cap rate, cash flow, etc. other investors in the Kalamazoo area expect to get when you acquire a property and could I find a property through a wholesaler in a similar or better Kzoo neighborhood with better stats. Any feedback is greatly appreciated.

Property: SFR, 3B, 1BA, No basement or garage

Purchase price:  $43k

Repairs:  $6500

ARV: $58-$63k

Rent:  $800

Let me know if you need any other information.

[Josiah Swartz]

While it might be a good deal, I would not buy it only because of my own goals. I'm looking for a small to medium-sized apartment complex with a similar return rather than 20 different SFR's that I have to keep track of individually. It will take me longer to find what I want, but I think the reduction in "headache factor" will be worth it.