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1820 Guenther Ave, Lansing, MI 48917

3 beds • 2 baths • 1601 sqft

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This property looks like a bad Airbnb investment with a projected -4.35% first-year return on $67,266 initial cash invested.

-4.35%

Cash On Cash

5.94%

Cap Rate

0.9

DSCR

$2,732

Rent

-$244

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,732 income − $2,976 expenses = $244 out of pocket

Income$2,732Out of Pocket$244Mortgage P&I$1,29647%Property Taxes$28510%Insurance$843%Management$41015%CapEx$1094%Maintenance$1094%Other$68325%

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,266

Downpayment

20%

$46,920

Closing costs

1%

$2,346

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,732

Total Expenses

$2,976

Mortgage P&I

47%

$1,296

Property Taxes

10%

$285

Home Insurance

3%

$84

HOA

0%

$0

Property Management

15%

$410

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$683

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