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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 -7.18% first-year return on $141k initial cash invested.

-7.18%

Cash On Cash

4.64%

Cap Rate

0.78

DSCR

$5,311

Rent

-$843

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

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

$5,311

Total Expenses

$6,154

Mortgage P&I

55%

$2,895

Property Taxes

9%

$500

Home Insurance

4%

$210

HOA

0%

$0

Property Management

15%

$797

CapEx

4%

$212

Vacancy

0%

$0

Maintenance

4%

$212

Other

25%

$1,328

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