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3119 Norwich Rd, Lansing, MI 48911

3 beds • 2 baths • 1747 sqft

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This property looks like a bad Long-Term investment with a projected -1.82% first-year return on $35,658 initial cash invested.

-1.82%

Cash On Cash

6.46%

Cap Rate

1.02

DSCR

$1,530

Rent

-$54

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$170k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$35,658

Downpayment

20%

$33,960

Closing costs

1%

$1,698

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,530

Total Expenses

$1,584

Mortgage P&I

58%

$892

Property Taxes

15%

$235

Home Insurance

4%

$60

HOA

0%

$0

Property Management

10%

$153

CapEx

5%

$76

Vacancy

6%

$92

Maintenance

5%

$76

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

219 E Mount Hope Ave, Lansing, MI 48910

$1,750

3

2

1760

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5840 Monticello Dr, Lansing, MI 48911

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3

1.5

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1.9 mi

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$1,750

3

1.5

1680

1.8 mi

534 Glendale Ave, Lansing, MI 48910

$1,500

3

2

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2.4 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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