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2418 Belaire Dr, Lansing, MI 48911

3 beds • 3 baths • 2952 sqft

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This property looks like a bad Long-Term investment with a projected -4.96% first-year return on $56,616 initial cash invested.

-4.96%

Cash On Cash

5.33%

Cap Rate

0.9

DSCR

$2,099

Rent

-$234

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,616

Downpayment

20%

$53,920

Closing costs

1%

$2,696

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,099

Total Expenses

$2,333

Mortgage P&I

63%

$1,326

Property Taxes

17%

$365

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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