REI Lense

REI Lense

Unlock all features! Tap here to upgrade

16501 Hannan Rd, Romulus, MI 48174

3 beds • 2 baths • 2514 sqft

Email

This property looks like a bad Airbnb investment with a projected -27.84% first-year return on $115k initial cash invested.

-27.84%

Cash On Cash

-0.93%

Cap Rate

-0.16

DSCR

$577

Rent

-$2,661

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$577 income − $3,238 expenses = $2,661 out of pocket

Income$577Out of Pocket$2,661Mortgage P&I$2,283396%Property Taxes$48684%Insurance$19233%Management$8715%CapEx$234%Maintenance$234%Other$14425%

Investment Breakdown

|

Purchase Price

$461k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,100

Closing costs

1%

$4,605

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$577

Total Expenses

$3,238

Mortgage P&I

396%

$2,283

Property Taxes

84%

$486

Home Insurance

33%

$192

HOA

0%

$0

Property Management

15%

$87

CapEx

4%

$23

Vacancy

0%

$0

Maintenance

4%

$23

Other

25%

$144

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis