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585 Aquila Dr, East Lansing, MI 48823

3 beds • 3 baths • 3006 sqft

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This property looks like a bad Airbnb investment with a projected -15.56% first-year return on $122k initial cash invested.

-15.56%

Cash On Cash

2.44%

Cap Rate

0.41

DSCR

$3,806

Rent

-$1,581

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,806 income − $5,387 expenses = $1,581 out of pocket

Income$3,806Out of Pocket$1,581Mortgage P&I$2,43564%Property Taxes$74720%Insurance$1785%HOA$2005%Management$57115%CapEx$1524%Maintenance$1524%Other$95225%

Investment Breakdown

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Purchase Price

$495k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,000

Closing costs

1%

$4,950

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,806

Total Expenses

$5,387

Mortgage P&I

64%

$2,435

Property Taxes

20%

$747

Home Insurance

5%

$178

HOA

5%

$200

Property Management

15%

$571

CapEx

4%

$152

Vacancy

0%

$0

Maintenance

4%

$152

Other

25%

$952

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