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50492 Heatherwood Ln, Shelby Township, MI 48317

3 beds • 3 baths • 2733 sqft

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This property looks like a bad Airbnb investment with a projected -8.69% first-year return on $141k initial cash invested.

-8.69%

Cash On Cash

4.25%

Cap Rate

0.72

DSCR

$4,971

Rent

-$1,021

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,971 income − $5,992 expenses = $1,021 out of pocket

Income$4,971Out of Pocket$1,021Mortgage P&I$2,89558%Property Taxes$50010%Insurance$2104%Management$74615%CapEx$1994%Maintenance$1994%Other$1,24325%

Investment Breakdown

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Purchase Price

$586k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$141k

Downpayment

20%

$117k

Closing costs

1%

$5,856

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,971

Total Expenses

$5,992

Mortgage P&I

58%

$2,895

Property Taxes

10%

$500

Home Insurance

4%

$210

HOA

0%

$0

Property Management

15%

$746

CapEx

4%

$199

Vacancy

0%

$0

Maintenance

4%

$199

Other

25%

$1,243

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