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3119 Norwich Rd, Lansing, MI 48911

3 beds • 2 baths • 1747 sqft

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This property might be a fair Airbnb investment with a projected 8.25% first-year return on $53,658 initial cash invested.

8.25%

Cash On Cash

9.76%

Cap Rate

1.55

DSCR

$2,993

Rent

$369

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

$53,658

Downpayment

20%

$33,960

Closing costs

1%

$1,698

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$2,993

Total Expenses

$2,624

Mortgage P&I

30%

$892

Property Taxes

8%

$235

Home Insurance

2%

$60

HOA

0%

$0

Property Management

15%

$449

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$748

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Mindfully Mellow | 3Bd 1Bath - Berwick

$2,853

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3

1

0.42 mi

Modern 3BR Retreat Near MSU & Downtown Lansing

$2,064

$115

3

1

0.55 mi

Park-like outside & sports bar inside close to MSU

$4,648

$259

2

2

0.64 mi

LNSNG LXRY 4 | Hot Tub + Vibes

$3,535

$197

2

1.5

0.59 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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