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1159 Marigold Ave, East Lansing, MI 48823

3 beds • 2 baths • 1578 sqft

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This property looks like a bad Airbnb investment with a projected -6.14% first-year return on $85,830 initial cash invested.

-6.14%

Cash On Cash

4.74%

Cap Rate

0.8

DSCR

$3,129

Rent

-$439

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,129 income − $3,568 expenses = $439 out of pocket

Income$3,129Out of Pocket$439Mortgage P&I$1,58951%Property Taxes$38212%Insurance$963%Management$46915%CapEx$1254%Maintenance$1254%Other$78225%

Investment Breakdown

|

Purchase Price

$323k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,830

Downpayment

20%

$64,600

Closing costs

1%

$3,230

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,129

Total Expenses

$3,568

Mortgage P&I

51%

$1,589

Property Taxes

12%

$382

Home Insurance

3%

$96

HOA

0%

$0

Property Management

15%

$469

CapEx

4%

$125

Vacancy

0%

$0

Maintenance

4%

$125

Other

25%

$782

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