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36744 Romulus Ave, Romulus, MI 48174

3 beds • 2 baths • 2320 sqft

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This property might be a fair Mid-Term investment with a projected 4.59% first-year return on $59,580 initial cash invested.

4.59%

Cash On Cash

8.26%

Cap Rate

1.31

DSCR

$2,350

Rent

$228

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

$2,350

Total Expenses

$2,122

Mortgage P&I

44%

$1,041

Property Taxes

9%

$213

Home Insurance

3%

$70

HOA

0%

$0

Property Management

12%

$282

CapEx

4%

$94

Vacancy

3%

$70

Maintenance

4%

$94

Other

11%

$258

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