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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 -5.9% first-year return on $54,330 initial cash invested.

-5.9%

Cash On Cash

5.32%

Cap Rate

0.81

DSCR

$2,239

Rent

-$267

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,239 income − $2,506 expenses = $267 out of pocket

Income$2,239Out of Pocket$267Mortgage P&I$94442%Property Taxes$42519%Insurance$613%Management$33615%CapEx$904%Maintenance$904%Other$56025%

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

$2,239

Total Expenses

$2,506

Mortgage P&I

42%

$944

Property Taxes

19%

$425

Home Insurance

3%

$61

HOA

0%

$0

Property Management

15%

$336

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$560

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