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$2,364 (target)

35025 Wick Rd, Romulus, MI 48174

3 beds • 2 baths • 994 sqft

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This property might be a fair Mid-Term investment with a projected 2.86% first-year return on $65,040 initial cash invested.

2.86%

Cash On Cash

7.78%

Cap Rate

1.21

DSCR

$2,364

Rent

$155

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,364 income − $2,209 expenses = $155 cash flow

Income$2,364Mortgage P&I$1,20351%Property Taxes$1235%Insurance$783%Management$28412%CapEx$954%Vacancy$713%Maintenance$954%Other$26011%Cash Flow$155

Investment Breakdown

|

Purchase Price

$224k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,040

Downpayment

20%

$44,800

Closing costs

1%

$2,240

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,364

Total Expenses

$2,209

Mortgage P&I

51%

$1,203

Property Taxes

5%

$123

Home Insurance

3%

$78

HOA

0%

$0

Property Management

12%

$284

CapEx

4%

$95

Vacancy

3%

$71

Maintenance

4%

$95

Other

11%

$260

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