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Updated over 8 years ago,
Kalamazoo Michigan analysis feedback needed
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.