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$2,992 (target)

53284 Wolf Dr, Shelby Township, MI 48316

3 beds • 2 baths • 1742 sqft

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This property might be a fair Long-Term investment with a projected 1.15% first-year return on $73,773 initial cash invested.

1.15%

Cash On Cash

6.78%

Cap Rate

1.13

DSCR

$2,992

Rent

$71

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,992 income − $2,921 expenses = $71 cash flow

Income$2,992Mortgage P&I$1,76559%Property Taxes$2057%Insurance$1726%Management$29910%CapEx$1505%Vacancy$1806%Maintenance$1505%Cash Flow$71

Investment Breakdown

|

Purchase Price

$351k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,773

Downpayment

20%

$70,260

Closing costs

1%

$3,513

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,992

Total Expenses

$2,921

Mortgage P&I

59%

$1,765

Property Taxes

7%

$205

Home Insurance

6%

$172

HOA

0%

$0

Property Management

10%

$299

CapEx

5%

$150

Vacancy

6%

$180

Maintenance

5%

$150

Other

0%

$0

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