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52655 Chestnut Grove Ln, Shelby Township, MI 48316
3 beds • 3 baths • 2654 sqft
$561,600
View on ZillowThis property looks like a bad Long-Term investment with a projected -15.6% first-year return on $118k initial cash invested.
-15.6%
Cash On Cash
3.04%
Cap Rate
0.5
DSCR
$2,605
Rent
-$1,533
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$2,605 income − $4,138 expenses = $1,533 out of pocket
Investment Breakdown
|
Purchase Price
$562k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$118k
Downpayment
20%
$112k
Closing costs
1%
$5,616
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,605
Total Expenses
$4,138
Mortgage P&I
109%
$2,827
Property Taxes
15%
$401
Home Insurance
8%
$201
HOA
1%
$33
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0