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924 Eastwind Cir, Lansing, MI 48917

3 beds • 2 baths • 1762 sqft

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This property looks like a bad Airbnb investment with a projected -7.2% first-year return on $75,813 initial cash invested.

-7.2%

Cash On Cash

4.74%

Cap Rate

0.76

DSCR

$2,862

Rent

-$455

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,862 income − $3,317 expenses = $455 out of pocket

Income$2,862Out of Pocket$455Mortgage P&I$1,42950%Property Taxes$41715%Insurance$983%Management$42915%CapEx$1144%Maintenance$1144%Other$71625%

Investment Breakdown

|

Purchase Price

$275k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,813

Downpayment

20%

$55,060

Closing costs

1%

$2,753

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,862

Total Expenses

$3,317

Mortgage P&I

50%

$1,429

Property Taxes

15%

$417

Home Insurance

3%

$98

HOA

0%

$0

Property Management

15%

$429

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$716

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