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5010 Westhaven Blvd, Lansing, MI 48917

3 beds • 2 baths • 2419 sqft

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This property looks like a bad Airbnb investment with a projected -8.1% first-year return on $74,847 initial cash invested.

-8.1%

Cash On Cash

4.18%

Cap Rate

0.7

DSCR

$2,704

Rent

-$505

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,704 income − $3,209 expenses = $505 out of pocket

Income$2,704Out of Pocket$505Mortgage P&I$1,34050%Property Taxes$47518%Insurance$964%Management$40615%CapEx$1084%Maintenance$1084%Other$67625%

Investment Breakdown

|

Purchase Price

$271k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,847

Downpayment

20%

$54,140

Closing costs

1%

$2,707

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,704

Total Expenses

$3,209

Mortgage P&I

50%

$1,340

Property Taxes

18%

$475

Home Insurance

4%

$96

HOA

0%

$0

Property Management

15%

$406

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$676

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