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15340 Inkster Rd, Romulus, MI 48174

3 beds • 2 baths • 1910 sqft

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This property looks like a bad Airbnb investment with a projected -13.47% first-year return on $78,690 initial cash invested.

-13.47%

Cash On Cash

2.54%

Cap Rate

0.43

DSCR

$1,647

Rent

-$883

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,647 income − $2,530 expenses = $883 out of pocket

Income$1,647Out of Pocket$883Mortgage P&I$1,42887%Property Taxes$21013%Insurance$1016%Management$24715%CapEx$664%Maintenance$664%Other$41225%

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

$1,647

Total Expenses

$2,530

Mortgage P&I

87%

$1,428

Property Taxes

13%

$210

Home Insurance

6%

$101

HOA

0%

$0

Property Management

15%

$247

CapEx

4%

$66

Vacancy

0%

$0

Maintenance

4%

$66

Other

25%

$412

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