REI Lense

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$3,648 (target)

38575 Barth St, Romulus, MI 48174

3 beds • 3 baths • 3716 sqft

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This property looks like a bad Mid-Term investment with a projected -7.71% first-year return on $128k initial cash invested.

-7.71%

Cash On Cash

4.49%

Cap Rate

0.74

DSCR

$3,648

Rent

-$826

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,648 income − $4,474 expenses = $826 out of pocket

Income$3,648Out of Pocket$826Mortgage P&I$2,64873%Property Taxes$39711%Insurance$1895%Management$43812%CapEx$1464%Vacancy$1093%Maintenance$1464%Other$40111%

Investment Breakdown

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Purchase Price

$526k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$105k

Closing costs

1%

$5,261

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,648

Total Expenses

$4,474

Mortgage P&I

73%

$2,648

Property Taxes

11%

$397

Home Insurance

5%

$189

HOA

0%

$0

Property Management

12%

$438

CapEx

4%

$146

Vacancy

3%

$109

Maintenance

4%

$146

Other

11%

$401

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