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36744 Romulus Ave, Romulus, MI 48174

3 beds • 2 baths • 2320 sqft

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This property looks like a bad Long-Term investment with a projected -4.73% first-year return on $41,580 initial cash invested.

-4.73%

Cash On Cash

5.79%

Cap Rate

0.92

DSCR

$1,567

Rent

-$164

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$198k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$41,580

Downpayment

20%

$39,600

Closing costs

1%

$1,980

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,567

Total Expenses

$1,731

Mortgage P&I

66%

$1,041

Property Taxes

14%

$213

Home Insurance

4%

$70

HOA

0%

$0

Property Management

10%

$157

CapEx

5%

$78

Vacancy

6%

$94

Maintenance

5%

$78

Other

0%

$0

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