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1004 Old Erin Way, Lansing, MI 48917

3 beds • 2 baths • 1582 sqft

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This property looks like a bad Airbnb investment with a projected -1.57% first-year return on $71,235 initial cash invested.

-1.57%

Cash On Cash

5.89%

Cap Rate

1.02

DSCR

$2,933

Rent

-$93

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$254k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,235

Downpayment

20%

$50,700

Closing costs

1%

$2,535

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,933

Total Expenses

$3,026

Mortgage P&I

42%

$1,221

Property Taxes

10%

$305

Home Insurance

3%

$93

HOA

0%

$0

Property Management

15%

$440

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$733

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