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$3,998 (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 Mid-Term investment with a projected -8.83% first-year return on $144k initial cash invested.

-8.83%

Cash On Cash

4.14%

Cap Rate

0.7

DSCR

$3,998

Rent

-$1,061

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,998 income − $5,059 expenses = $1,061 out of pocket

Income$3,998Out of Pocket$1,061Mortgage P&I$2,97674%Property Taxes$45611%Insurance$2175%HOA$501%Management$48012%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$44011%

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

$3,998

Total Expenses

$5,059

Mortgage P&I

74%

$2,976

Property Taxes

11%

$456

Home Insurance

5%

$217

HOA

1%

$50

Property Management

12%

$480

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$440

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