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28800 Sibley Rd, Romulus, MI 48174

3 beds • 3 baths • 3305 sqft

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This property looks like a bad Airbnb investment with a projected -20.23% first-year return on $130k initial cash invested.

-20.23%

Cash On Cash

1.14%

Cap Rate

0.19

DSCR

$2,057

Rent

-$2,197

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$535k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$130k

Downpayment

20%

$107k

Closing costs

1%

$5,350

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,057

Total Expenses

$4,254

Mortgage P&I

128%

$2,624

Property Taxes

22%

$451

Home Insurance

9%

$192

HOA

0%

$0

Property Management

15%

$309

CapEx

4%

$82

Vacancy

0%

$0

Maintenance

4%

$82

Other

25%

$514

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