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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 31.06% first-year return on $35,427 initial cash invested.

31.06%

Cash On Cash

21.08%

Cap Rate

3.46

DSCR

$3,002

Rent

$917

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

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

$3,002

Total Expenses

$2,085

Mortgage P&I

14%

$421

Property Taxes

7%

$195

Home Insurance

1%

$29

HOA

0%

$0

Property Management

15%

$450

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$750

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