REI Lense

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$3,494 (target)

16300 Hannan Rd, Romulus, MI 48174

3 beds • 2 baths • 3574 sqft

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This property looks like a bad Mid-Term investment with a projected -4.05% first-year return on $96,204 initial cash invested.

-4.05%

Cash On Cash

5.64%

Cap Rate

0.9

DSCR

$3,494

Rent

-$325

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,494 income − $3,819 expenses = $325 out of pocket

Income$3,494Out of Pocket$325Mortgage P&I$1,93455%Property Taxes$56416%Insurance$1334%Management$41912%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38411%

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

$3,494

Total Expenses

$3,819

Mortgage P&I

55%

$1,934

Property Taxes

16%

$564

Home Insurance

4%

$133

HOA

0%

$0

Property Management

12%

$419

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$384

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