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11656 Majestic Ct, Shelby Township, MI 48315

3 beds • 4 baths • 5063 sqft

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This property looks like a bad Airbnb investment with a projected -19.9% first-year return on $130k initial cash invested.

-19.9%

Cash On Cash

1.31%

Cap Rate

0.22

DSCR

$2,590

Rent

-$2,163

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,590 income − $4,753 expenses = $2,163 out of pocket

Income$2,590Out of Pocket$2,163Mortgage P&I$2,645102%Property Taxes$64925%Insurance$1867%HOA$291%Management$38815%CapEx$1044%Maintenance$1044%Other$64825%

Investment Breakdown

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Purchase Price

$535k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$130k

Downpayment

20%

$107k

Closing costs

1%

$5,353

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,590

Total Expenses

$4,753

Mortgage P&I

102%

$2,645

Property Taxes

25%

$649

Home Insurance

7%

$186

HOA

1%

$29

Property Management

15%

$388

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$648

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