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1519 W Lenawee St, Lansing, MI 48915

3 beds • 2 baths • 1504 sqft

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This property looks like a bad Airbnb investment with a projected -3.43% first-year return on $70,311 initial cash invested.

-3.43%

Cash On Cash

5.93%

Cap Rate

0.94

DSCR

$3,095

Rent

-$201

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,311

Downpayment

20%

$49,820

Closing costs

1%

$2,491

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,095

Total Expenses

$3,296

Mortgage P&I

42%

$1,309

Property Taxes

13%

$415

Home Insurance

3%

$86

HOA

0%

$0

Property Management

15%

$464

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$774

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