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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 -11.79% first-year return on $78,690 initial cash invested.

-11.79%

Cash On Cash

3.03%

Cap Rate

0.51

DSCR

$1,857

Rent

-$773

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,857 income − $2,630 expenses = $773 out of pocket

Income$1,857Out of Pocket$773Mortgage P&I$1,42877%Property Taxes$21011%Insurance$1015%Management$27915%CapEx$744%Maintenance$744%Other$46425%

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

$1,857

Total Expenses

$2,630

Mortgage P&I

77%

$1,428

Property Taxes

11%

$210

Home Insurance

5%

$101

HOA

0%

$0

Property Management

15%

$279

CapEx

4%

$74

Vacancy

0%

$0

Maintenance

4%

$74

Other

25%

$464

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