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46161 S Manitou Ct, Shelby Township, MI 48317

3 beds • 3 baths • 2401 sqft

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This property looks like a bad Airbnb investment with a projected -24.24% first-year return on $144k initial cash invested.

-24.24%

Cash On Cash

0.25%

Cap Rate

0.04

DSCR

$1,509

Rent

-$2,913

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,509 income − $4,422 expenses = $2,913 out of pocket

Income$1,509Out of Pocket$2,913Mortgage P&I$2,976197%Property Taxes$45630%Insurance$21714%HOA$503%Management$22615%CapEx$604%Maintenance$604%Other$37725%

Investment Breakdown

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Purchase Price

$601k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$6,009

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$1,509

Total Expenses

$4,422

Mortgage P&I

197%

$2,976

Property Taxes

30%

$456

Home Insurance

14%

$217

HOA

3%

$50

Property Management

15%

$226

CapEx

4%

$60

Vacancy

0%

$0

Maintenance

4%

$60

Other

25%

$377

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