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16300 Hannan Rd, Romulus, MI 48174

3 beds • 2 baths • 3574 sqft

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This property looks like a bad Airbnb investment with a projected -20.91% first-year return on $96,204 initial cash invested.

-20.91%

Cash On Cash

1.07%

Cap Rate

0.17

DSCR

$1,834

Rent

-$1,676

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,834 income − $3,510 expenses = $1,676 out of pocket

Income$1,834Out of Pocket$1,676Mortgage P&I$1,934105%Property Taxes$56431%Insurance$1337%Management$27515%CapEx$734%Maintenance$734%Other$45825%

Investment Breakdown

|

Purchase Price

$372k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,204

Downpayment

20%

$74,480

Closing costs

1%

$3,724

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,834

Total Expenses

$3,510

Mortgage P&I

105%

$1,934

Property Taxes

31%

$564

Home Insurance

7%

$133

HOA

0%

$0

Property Management

15%

$275

CapEx

4%

$73

Vacancy

0%

$0

Maintenance

4%

$73

Other

25%

$458

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