REI Lense

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$2,329 (target)

16300 Hannan Rd, Romulus, MI 48174

3 beds • 2 baths • 3574 sqft

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This property looks like a bad Long-Term investment with a projected -13.92% first-year return on $78,204 initial cash invested.

-13.92%

Cash On Cash

3.68%

Cap Rate

0.59

DSCR

$2,329

Rent

-$907

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,329 income − $3,236 expenses = $907 out of pocket

Income$2,329Out of Pocket$907Mortgage P&I$1,93483%Property Taxes$56424%Insurance$1336%Management$23310%CapEx$1165%Vacancy$1406%Maintenance$1165%

Investment Breakdown

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Purchase Price

$372k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,204

Downpayment

20%

$74,480

Closing costs

1%

$3,724

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,329

Total Expenses

$3,236

Mortgage P&I

83%

$1,934

Property Taxes

24%

$564

Home Insurance

6%

$133

HOA

0%

$0

Property Management

10%

$233

CapEx

5%

$116

Vacancy

6%

$140

Maintenance

5%

$116

Other

0%

$0

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