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1608 Sunnyside Ave, Lansing, MI 48910

3 beds • 2 baths • 1933 sqft

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This property looks like a bad Airbnb investment with a projected -5.07% first-year return on $68,379 initial cash invested.

-5.07%

Cash On Cash

5.36%

Cap Rate

0.85

DSCR

$2,682

Rent

-$289

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,682 income − $2,971 expenses = $289 out of pocket

Income$2,682Out of Pocket$289Mortgage P&I$1,25347%Property Taxes$34813%Insurance$843%Management$40215%CapEx$1074%Maintenance$1074%Other$67025%

Investment Breakdown

|

Purchase Price

$240k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,379

Downpayment

20%

$47,980

Closing costs

1%

$2,399

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,682

Total Expenses

$2,971

Mortgage P&I

47%

$1,253

Property Taxes

13%

$348

Home Insurance

3%

$84

HOA

0%

$0

Property Management

15%

$402

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$670

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