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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 -3.62% first-year return on $68,379 initial cash invested.

-3.62%

Cash On Cash

5.81%

Cap Rate

0.93

DSCR

$2,846

Rent

-$206

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,846 income − $3,052 expenses = $206 out of pocket

Income$2,846Out of Pocket$206Mortgage P&I$1,25344%Property Taxes$34812%Insurance$843%Management$42715%CapEx$1144%Maintenance$1144%Other$71225%

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

$2,846

Total Expenses

$3,052

Mortgage P&I

44%

$1,253

Property Taxes

12%

$348

Home Insurance

3%

$84

HOA

0%

$0

Property Management

15%

$427

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$712

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