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8822 Cogswell St, Romulus, MI 48174

3 beds • 2 baths • 1320 sqft

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This property looks like a bad Mid-Term investment with a projected -1.59% first-year return on $70,059 initial cash invested.

-1.59%

Cash On Cash

5.88%

Cap Rate

1

DSCR

$2,418

Rent

-$93

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$248k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,059

Downpayment

20%

$49,580

Closing costs

1%

$2,479

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,418

Total Expenses

$2,511

Mortgage P&I

50%

$1,210

Property Taxes

15%

$373

Home Insurance

4%

$105

HOA

0%

$0

Property Management

12%

$290

CapEx

4%

$97

Vacancy

3%

$73

Maintenance

4%

$97

Other

11%

$266

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