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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 -24.04% first-year return on $144k initial cash invested.

-24.04%

Cash On Cash

0.3%

Cap Rate

0.05

DSCR

$1,557

Rent

-$2,889

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,557 income − $4,446 expenses = $2,889 out of pocket

Income$1,557Out of Pocket$2,889Mortgage P&I$2,976191%Property Taxes$45629%Insurance$21714%HOA$503%Management$23415%CapEx$624%Maintenance$624%Other$38925%

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

$1,557

Total Expenses

$4,446

Mortgage P&I

191%

$2,976

Property Taxes

29%

$456

Home Insurance

14%

$217

HOA

3%

$50

Property Management

15%

$234

CapEx

4%

$62

Vacancy

0%

$0

Maintenance

4%

$62

Other

25%

$389

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