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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 -22.93% first-year return on $90,534 initial cash invested.

-22.93%

Cash On Cash

0.11%

Cap Rate

0.02

DSCR

$962

Rent

-$1,730

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$962 income − $2,692 expenses = $1,730 out of pocket

Income$962Out of Pocket$1,730Mortgage P&I$1,724179%Property Taxes$38940%Insurance$11912%Management$14415%CapEx$384%Maintenance$384%Other$24025%

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

$962

Total Expenses

$2,692

Mortgage P&I

179%

$1,724

Property Taxes

40%

$389

Home Insurance

12%

$119

HOA

0%

$0

Property Management

15%

$144

CapEx

4%

$38

Vacancy

0%

$0

Maintenance

4%

$38

Other

25%

$240

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