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2117 Edwin Pl, Lansing, MI 48911

3 beds • 2 baths • 1810 sqft

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This property looks like a bad Airbnb investment with a projected -5.88% first-year return on $67,539 initial cash invested.

-5.88%

Cash On Cash

5.41%

Cap Rate

0.83

DSCR

$2,770

Rent

-$331

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,770 income − $3,101 expenses = $331 out of pocket

Income$2,770Out of Pocket$331Mortgage P&I$1,28346%Property Taxes$40415%Insurance$843%Management$41615%CapEx$1114%Maintenance$1114%Other$69225%

Investment Breakdown

|

Purchase Price

$236k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,539

Downpayment

20%

$47,180

Closing costs

1%

$2,359

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,770

Total Expenses

$3,101

Mortgage P&I

46%

$1,283

Property Taxes

15%

$404

Home Insurance

3%

$84

HOA

0%

$0

Property Management

15%

$416

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$692

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