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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 Airbnb investment with a projected -2.82% first-year return on $59,580 initial cash invested.

-2.82%

Cash On Cash

6.01%

Cap Rate

0.95

DSCR

$2,277

Rent

-$140

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

$59,580

Downpayment

20%

$39,600

Closing costs

1%

$1,980

Rehab

0%

$0

Furnishing

9%

$18,000

Cashflow

Total Income

$2,277

Total Expenses

$2,417

Mortgage P&I

46%

$1,041

Property Taxes

9%

$213

Home Insurance

3%

$70

HOA

0%

$0

Property Management

15%

$342

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$569

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