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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 -3.35% first-year return on $67,266 initial cash invested.

-3.35%

Cash On Cash

6.25%

Cap Rate

0.94

DSCR

$2,841

Rent

-$188

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,841 income − $3,029 expenses = $188 out of pocket

Income$2,841Out of Pocket$188Mortgage P&I$1,29646%Property Taxes$28510%Insurance$843%Management$42615%CapEx$1144%Maintenance$1144%Other$71025%

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

$2,841

Total Expenses

$3,029

Mortgage P&I

46%

$1,296

Property Taxes

10%

$285

Home Insurance

3%

$84

HOA

0%

$0

Property Management

15%

$426

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$710

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