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537 Gunson St, East Lansing, MI 48823

4 beds • 2 baths • 1152 sqft

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This property could be a profitable Long-Term investment with a projected 15.17% first-year return on $42,000 initial cash invested.

15.17%

Cash On Cash

8.24%

Cap Rate

1.91

DSCR

$2,500

Rent

$531

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,500 income − $1,969 expenses = $531 cash flow

Income$2,500Mortgage P&I$71829%Property Taxes$51321%Insurance$884%Management$25010%CapEx$1255%Vacancy$1506%Maintenance$1255%Cash Flow$531

Investment Breakdown

|

Purchase Price

$200k

Downpayment

20.0%

Interest Rate

3.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$42,000

Downpayment

20%

$40,000

Closing costs

1%

$2,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,500

Total Expenses

$1,969

Mortgage P&I

29%

$718

Property Taxes

21%

$513

Home Insurance

4%

$88

HOA

0%

$0

Property Management

10%

$250

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

206 S Fairview Ave, Lansing, MI 48912

$1,680

4

2

1264

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2

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4

2

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1.3 mi

1255 S Forest Knoll St

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2

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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

Projection Charts

Investment Value YoY

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