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$2,799 (target)

2310 Grant St, Lansing, MI 48910

3 beds • 2 baths • 2052 sqft

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This property might be a fair Mid-Term investment with a projected 3% first-year return on $65,250 initial cash invested.

3%

Cash On Cash

7.97%

Cap Rate

1.23

DSCR

$2,799

Rent

$163

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,799 income − $2,636 expenses = $163 cash flow

Income$2,799Mortgage P&I$1,21944%Property Taxes$38614%Insurance$793%Management$33612%CapEx$1124%Vacancy$843%Maintenance$1124%Other$30811%Cash Flow$163

Investment Breakdown

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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

$2,799

Total Expenses

$2,636

Mortgage P&I

44%

$1,219

Property Taxes

14%

$386

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$336

CapEx

4%

$112

Vacancy

3%

$84

Maintenance

4%

$112

Other

11%

$308

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