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6914 Arlene Ct, Romulus, MI 48174

3 beds • 2 baths • 1200 sqft

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This property might be a fair Mid-Term investment with a projected 1.47% first-year return on $51,579 initial cash invested.

1.47%

Cash On Cash

7.29%

Cap Rate

1.16

DSCR

$1,716

Rent

$63

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$160k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$51,579

Downpayment

20%

$31,980

Closing costs

1%

$1,599

Rehab

0%

$0

Furnishing

11%

$18,000

Cashflow

Total Income

$1,716

Total Expenses

$1,653

Mortgage P&I

49%

$840

Property Taxes

10%

$173

Home Insurance

3%

$56

HOA

0%

$0

Property Management

12%

$206

CapEx

4%

$69

Vacancy

3%

$51

Maintenance

4%

$69

Other

11%

$189

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