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2310 Grant St, Lansing, MI 48910

3 beds • 2 baths • 2052 sqft

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This property looks like a bad Airbnb investment with a projected -12.51% first-year return on $65,250 initial cash invested.

-12.51%

Cash On Cash

3.29%

Cap Rate

0.51

DSCR

$1,931

Rent

-$680

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,931 income − $2,611 expenses = $680 out of pocket

Income$1,931Out of Pocket$680Mortgage P&I$1,21963%Property Taxes$38620%Insurance$794%Management$29015%CapEx$774%Maintenance$774%Other$48325%

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$1,931

Total Expenses

$2,611

Mortgage P&I

63%

$1,219

Property Taxes

20%

$386

Home Insurance

4%

$79

HOA

0%

$0

Property Management

15%

$290

CapEx

4%

$77

Vacancy

0%

$0

Maintenance

4%

$77

Other

25%

$483

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