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33950 Ecorse Rd, Romulus, MI 48174

3 beds • 2 baths • 1641 sqft

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This property looks like a bad Airbnb investment with a projected -23.62% first-year return on $90,534 initial cash invested.

-23.62%

Cash On Cash

-0.08%

Cap Rate

-0.01

DSCR

$866

Rent

-$1,782

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$866 income − $2,648 expenses = $1,782 out of pocket

Income$866Out of Pocket$1,782Mortgage P&I$1,724199%Property Taxes$38945%Insurance$11914%Management$13015%CapEx$354%Maintenance$354%Other$21625%

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

$866

Total Expenses

$2,648

Mortgage P&I

199%

$1,724

Property Taxes

45%

$389

Home Insurance

14%

$119

HOA

0%

$0

Property Management

15%

$130

CapEx

4%

$35

Vacancy

0%

$0

Maintenance

4%

$35

Other

25%

$216

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