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1606 Riley Ridge Dr, Lansing, MI 48917

3 beds • 3 baths • 1972 sqft

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This property might be a fair Airbnb investment with a projected 1.73% first-year return on $81,756 initial cash invested.

1.73%

Cash On Cash

6.87%

Cap Rate

1.19

DSCR

$3,970

Rent

$118

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$304k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,756

Downpayment

20%

$60,720

Closing costs

1%

$3,036

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,970

Total Expenses

$3,852

Mortgage P&I

37%

$1,462

Property Taxes

9%

$344

Home Insurance

4%

$140

HOA

0%

$0

Property Management

15%

$596

CapEx

4%

$159

Vacancy

0%

$0

Maintenance

4%

$159

Other

25%

$992

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