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Updated over 8 years ago,

User Stats

47
Posts
11
Votes
Josh Bloomquist
  • Investor
  • Portage, MI
11
Votes |
47
Posts

Kalamazoo Michigan analysis feedback needed

Josh Bloomquist
  • Investor
  • Portage, MI
Posted

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.

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