REI Lense

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$2,604 (target)

15340 Inkster Rd, Romulus, MI 48174

3 beds • 2 baths • 1910 sqft

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This property looks like a bad Mid-Term investment with a projected -0.29% first-year return on $78,690 initial cash invested.

-0.29%

Cash On Cash

6.28%

Cap Rate

1.06

DSCR

$2,604

Rent

-$19

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,604 income − $2,623 expenses = $19 out of pocket

Income$2,604Out of Pocket$19Mortgage P&I$1,42855%Property Taxes$2108%Insurance$1014%Management$31212%CapEx$1044%Vacancy$783%Maintenance$1044%Other$28611%

Investment Breakdown

|

Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,690

Downpayment

20%

$57,800

Closing costs

1%

$2,890

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,604

Total Expenses

$2,623

Mortgage P&I

55%

$1,428

Property Taxes

8%

$210

Home Insurance

4%

$101

HOA

0%

$0

Property Management

12%

$312

CapEx

4%

$104

Vacancy

3%

$78

Maintenance

4%

$104

Other

11%

$286

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