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6196 Crystal Lake Dr, Romulus, MI 48174

3 beds • 3 baths • 2170 sqft

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This property looks like a bad Airbnb investment with a projected -14.86% first-year return on $78,186 initial cash invested.

-14.86%

Cash On Cash

2.17%

Cap Rate

0.37

DSCR

$1,831

Rent

-$968

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,831 income − $2,799 expenses = $968 out of pocket

Income$1,831Out of Pocket$968Mortgage P&I$1,41377%Property Taxes$37721%Insurance$1086%HOA$221%Management$27515%CapEx$734%Maintenance$734%Other$45825%

Investment Breakdown

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Purchase Price

$287k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,186

Downpayment

20%

$57,320

Closing costs

1%

$2,866

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,831

Total Expenses

$2,799

Mortgage P&I

77%

$1,413

Property Taxes

21%

$377

Home Insurance

6%

$108

HOA

1%

$22

Property Management

15%

$275

CapEx

4%

$73

Vacancy

0%

$0

Maintenance

4%

$73

Other

25%

$458

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