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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 Airbnb investment with a projected -12.93% first-year return on $70,059 initial cash invested.

-12.93%

Cash On Cash

2.55%

Cap Rate

0.44

DSCR

$1,794

Rent

-$755

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

$1,794

Total Expenses

$2,549

Mortgage P&I

67%

$1,210

Property Taxes

21%

$373

Home Insurance

6%

$105

HOA

0%

$0

Property Management

15%

$269

CapEx

4%

$72

Vacancy

0%

$0

Maintenance

4%

$72

Other

25%

$448

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