REI Lense

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$3,085 (target)

47351 Bobwhite Ln, Shelby Township, MI 48315

3 beds • 4 baths • 4246 sqft

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This property looks like a bad Long-Term investment with a projected -14.11% first-year return on $132k initial cash invested.

-14.11%

Cash On Cash

3.42%

Cap Rate

0.56

DSCR

$3,085

Rent

-$1,555

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,085 income − $4,640 expenses = $1,555 out of pocket

Income$3,085Out of Pocket$1,555Mortgage P&I$3,198104%Property Taxes$40413%Insurance$2207%HOA$171%Management$30810%CapEx$1545%Vacancy$1856%Maintenance$1545%

Investment Breakdown

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Purchase Price

$630k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$126k

Closing costs

1%

$6,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,085

Total Expenses

$4,640

Mortgage P&I

104%

$3,198

Property Taxes

13%

$404

Home Insurance

7%

$220

HOA

1%

$17

Property Management

10%

$308

CapEx

5%

$154

Vacancy

6%

$185

Maintenance

5%

$154

Other

0%

$0

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