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3227 Glasgow Dr, Lansing, MI 48911

3 beds • 2 baths • 1963 sqft

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This property looks like a bad Long-Term investment with a projected -16.18% first-year return on $52,374 initial cash invested.

-16.18%

Cash On Cash

3.3%

Cap Rate

0.52

DSCR

$1,570

Rent

-$706

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$249k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,374

Downpayment

20%

$49,880

Closing costs

1%

$2,494

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,570

Total Expenses

$2,276

Mortgage P&I

84%

$1,314

Property Taxes

30%

$467

Home Insurance

6%

$88

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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Comparable Property

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Beds

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SQFT

Distance

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2

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2

1

2020

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4

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0.6 mi

1255 S Forest Knoll St

$1,100

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1

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$2,850

5

4

3030

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