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3110 Delta River Dr, Lansing, MI 48906

3 beds • 2 baths • 994 sqft

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This property looks like a bad Airbnb investment with a projected -6.54% first-year return on $54,330 initial cash invested.

-6.54%

Cash On Cash

5.1%

Cap Rate

0.78

DSCR

$2,180

Rent

-$296

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,180 income − $2,476 expenses = $296 out of pocket

Income$2,180Out of Pocket$296Mortgage P&I$94443%Property Taxes$42519%Insurance$613%Management$32715%CapEx$874%Maintenance$874%Other$54525%

Investment Breakdown

|

Purchase Price

$173k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,330

Downpayment

20%

$34,600

Closing costs

1%

$1,730

Rehab

0%

$0

Furnishing

10%

$18,000

Cashflow

Total Income

$2,180

Total Expenses

$2,476

Mortgage P&I

43%

$944

Property Taxes

20%

$425

Home Insurance

3%

$61

HOA

0%

$0

Property Management

15%

$327

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$545

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