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1941 Polly Ave, Lansing, MI 48906

3 beds • 2 baths • 902 sqft

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This property could be a profitable Airbnb investment with a projected 34.35% first-year return on $35,427 initial cash invested.

34.35%

Cash On Cash

22.6%

Cap Rate

3.71

DSCR

$3,192

Rent

$1,014

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,192 income − $2,178 expenses = $1,014 cash flow

Income$3,192Mortgage P&I$42113%Property Taxes$1956%Insurance$291%Management$47915%CapEx$1284%Maintenance$1284%Other$79825%Cash Flow$1,014

Investment Breakdown

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Purchase Price

$82,985

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,427

Downpayment

20%

$16,597

Closing costs

1%

$830

Rehab

0%

$0

Furnishing

22%

$18,000

Cashflow

Total Income

$3,192

Total Expenses

$2,178

Mortgage P&I

13%

$421

Property Taxes

6%

$195

Home Insurance

1%

$29

HOA

0%

$0

Property Management

15%

$479

CapEx

4%

$128

Vacancy

0%

$0

Maintenance

4%

$128

Other

25%

$798

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