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$3,916 (target)

33445 Bay Hill Dr, Romulus, MI 48174

3 beds • 4 baths • 1974 sqft

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This property might be a fair Mid-Term investment with a projected 0.93% first-year return on $102k initial cash invested.

0.93%

Cash On Cash

6.77%

Cap Rate

1.12

DSCR

$3,916

Rent

$79

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,916 income − $3,837 expenses = $79 cash flow

Income$3,916Mortgage P&I$2,01651%Property Taxes$3278%Insurance$1404%HOA$221%Management$47012%CapEx$1574%Vacancy$1173%Maintenance$1574%Other$43111%Cash Flow$79

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,916

Total Expenses

$3,837

Mortgage P&I

51%

$2,016

Property Taxes

8%

$327

Home Insurance

4%

$140

HOA

1%

$22

Property Management

12%

$470

CapEx

4%

$157

Vacancy

3%

$117

Maintenance

4%

$157

Other

11%

$431

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