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2290 E Warren Rd, Shelby, MI 49455

3 beds • 2 baths • 1800 sqft

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This property looks like a bad Airbnb investment with a projected -10.92% first-year return on $95,490 initial cash invested.

-10.92%

Cash On Cash

3.42%

Cap Rate

0.58

DSCR

$2,517

Rent

-$869

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$369k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,490

Downpayment

20%

$73,800

Closing costs

1%

$3,690

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,517

Total Expenses

$3,386

Mortgage P&I

72%

$1,819

Property Taxes

9%

$229

Home Insurance

5%

$129

HOA

0%

$0

Property Management

15%

$378

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$629

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