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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 -7.3% first-year return on $67,539 initial cash invested.

-7.3%

Cash On Cash

4.97%

Cap Rate

0.76

DSCR

$2,617

Rent

-$411

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,617 income − $3,028 expenses = $411 out of pocket

Income$2,617Out of Pocket$411Mortgage P&I$1,28349%Property Taxes$40415%Insurance$843%Management$39315%CapEx$1054%Maintenance$1054%Other$65425%

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

$2,617

Total Expenses

$3,028

Mortgage P&I

49%

$1,283

Property Taxes

15%

$404

Home Insurance

3%

$84

HOA

0%

$0

Property Management

15%

$393

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$654

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