REI Lense

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$2,665 (target)

46161 S Manitou Ct, Shelby Township, MI 48317

3 beds • 3 baths • 2401 sqft

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This property looks like a bad Long-Term investment with a projected -16.41% first-year return on $126k initial cash invested.

-16.41%

Cash On Cash

2.76%

Cap Rate

0.46

DSCR

$2,665

Rent

-$1,726

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,665 income − $4,391 expenses = $1,726 out of pocket

Income$2,665Out of Pocket$1,726Mortgage P&I$2,976112%Property Taxes$45617%Insurance$2178%HOA$502%Management$26610%CapEx$1335%Vacancy$1606%Maintenance$1335%

Investment Breakdown

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Purchase Price

$601k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$6,009

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,665

Total Expenses

$4,391

Mortgage P&I

112%

$2,976

Property Taxes

17%

$456

Home Insurance

8%

$217

HOA

2%

$50

Property Management

10%

$266

CapEx

5%

$133

Vacancy

6%

$160

Maintenance

5%

$133

Other

0%

$0

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