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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 -12.92% first-year return on $78,690 initial cash invested.

-12.92%

Cash On Cash

2.7%

Cap Rate

0.46

DSCR

$1,716

Rent

-$847

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,716 income − $2,563 expenses = $847 out of pocket

Income$1,716Out of Pocket$847Mortgage P&I$1,42883%Property Taxes$21012%Insurance$1016%Management$25715%CapEx$694%Maintenance$694%Other$42925%

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

$1,716

Total Expenses

$2,563

Mortgage P&I

83%

$1,428

Property Taxes

12%

$210

Home Insurance

6%

$101

HOA

0%

$0

Property Management

15%

$257

CapEx

4%

$69

Vacancy

0%

$0

Maintenance

4%

$69

Other

25%

$429

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