REI Lense

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$3,369 (target)

16501 Hannan Rd, Romulus, MI 48174

3 beds • 2 baths • 2514 sqft

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This property looks like a bad Mid-Term investment with a projected -7.72% first-year return on $115k initial cash invested.

-7.72%

Cash On Cash

4.38%

Cap Rate

0.74

DSCR

$3,369

Rent

-$738

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,369 income − $4,107 expenses = $738 out of pocket

Income$3,369Out of Pocket$738Mortgage P&I$2,28368%Property Taxes$48614%Insurance$1926%Management$40412%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37111%

Investment Breakdown

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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

$3,369

Total Expenses

$4,107

Mortgage P&I

68%

$2,283

Property Taxes

14%

$486

Home Insurance

6%

$192

HOA

0%

$0

Property Management

12%

$404

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$371

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