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13147 Independence Ave, Shelby Township, MI 48315
3 beds • 2 baths • 3472 sqft
$395,000
View on ZillowThis property looks like a bad Airbnb investment with a projected -14.66% first-year return on $101k initial cash invested.
-14.66%
Cash On Cash
2.66%
Cap Rate
0.43
DSCR
$2,318
Rent
-$1,233
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,318 income − $3,551 expenses = $1,233 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
$2,318
Total Expenses
$3,551
Mortgage P&I
87%
$2,016
Property Taxes
12%
$279
Home Insurance
6%
$138
HOA
0%
$4
Property Management
15%
$348
CapEx
4%
$93
Vacancy
0%
$0
Maintenance
4%
$93
Other
25%
$580