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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 -13.66% first-year return on $65,250 initial cash invested.

-13.66%

Cash On Cash

2.92%

Cap Rate

0.45

DSCR

$1,808

Rent

-$743

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,808 income − $2,551 expenses = $743 out of pocket

Income$1,808Out of Pocket$743Mortgage P&I$1,21967%Property Taxes$38621%Insurance$794%Management$27115%CapEx$724%Maintenance$724%Other$45225%

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

$1,808

Total Expenses

$2,551

Mortgage P&I

67%

$1,219

Property Taxes

21%

$386

Home Insurance

4%

$79

HOA

0%

$0

Property Management

15%

$271

CapEx

4%

$72

Vacancy

0%

$0

Maintenance

4%

$72

Other

25%

$452

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