REI Lense

REI Lense

Unlock all features! Tap here to upgrade

33950 Ecorse Rd, Romulus, MI 48174

3 beds • 2 baths • 1641 sqft

Email

This property looks like a bad Airbnb investment with a projected -22.57% first-year return on $90,534 initial cash invested.

-22.57%

Cash On Cash

0.22%

Cap Rate

0.04

DSCR

$1,018

Rent

-$1,703

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,018 income − $2,721 expenses = $1,703 out of pocket

Income$1,018Out of Pocket$1,703Mortgage P&I$1,724169%Property Taxes$38938%Insurance$11912%Management$15315%CapEx$414%Maintenance$414%Other$25425%

Investment Breakdown

|

Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,534

Downpayment

20%

$69,080

Closing costs

1%

$3,454

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,018

Total Expenses

$2,721

Mortgage P&I

169%

$1,724

Property Taxes

38%

$389

Home Insurance

12%

$119

HOA

0%

$0

Property Management

15%

$153

CapEx

4%

$41

Vacancy

0%

$0

Maintenance

4%

$41

Other

25%

$254

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis