REI Lense

REI Lense

Unlock all features! Tap here to upgrade

8822 Cogswell St, Romulus, MI 48174

3 beds • 2 baths • 1320 sqft

Email

This property looks like a bad Airbnb investment with a projected -8.63% first-year return on $70,059 initial cash invested.

-8.63%

Cash On Cash

3.86%

Cap Rate

0.66

DSCR

$2,277

Rent

-$504

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

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

$2,277

Total Expenses

$2,781

Mortgage P&I

53%

$1,210

Property Taxes

16%

$373

Home Insurance

5%

$105

HOA

0%

$0

Property Management

15%

$342

CapEx

4%

$91

Vacancy

0%

$0

Maintenance

4%

$91

Other

25%

$569

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis