Unlock all features! Tap here to upgrade
13147 Independence Ave, Shelby Township, MI 48315
3 beds • 2 baths • 3472 sqft
$395,000
View on ZillowThis property looks like a bad Mid-Term investment with a projected -4.67% first-year return on $101k initial cash invested.
-4.67%
Cash On Cash
5.31%
Cap Rate
0.87
DSCR
$3,098
Rent
-$393
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$3,098 income − $3,491 expenses = $393 out of pocket
Investment Breakdown
|
Purchase Price
$395k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$101k
Downpayment
20%
$79,000
Closing costs
1%
$3,950
Rehab
0%
$0
Furnishing
5%
$18,000
Cashflow
Total Income
$3,098
Total Expenses
$3,491
Mortgage P&I
65%
$2,016
Property Taxes
9%
$279
Home Insurance
4%
$138
HOA
0%
$4
Property Management
12%
$372
CapEx
4%
$124
Vacancy
3%
$93
Maintenance
4%
$124
Other
11%
$341