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1119 W Windemere Ave, Royal Oak, MI 48073

3 beds • 3 baths • 1985 sqft

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This property looks like a bad Airbnb investment with a projected -8.26% first-year return on $97,716 initial cash invested.

-8.26%

Cash On Cash

4.22%

Cap Rate

0.71

DSCR

$3,389

Rent

-$673

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,389 income − $4,062 expenses = $673 out of pocket

Income$3,389Out of Pocket$673Mortgage P&I$1,87155%Property Taxes$42413%Insurance$1404%Management$50815%CapEx$1364%Maintenance$1364%Other$84725%

Investment Breakdown

|

Purchase Price

$380k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,716

Downpayment

20%

$75,920

Closing costs

1%

$3,796

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,389

Total Expenses

$4,062

Mortgage P&I

55%

$1,871

Property Taxes

13%

$424

Home Insurance

4%

$140

HOA

0%

$0

Property Management

15%

$508

CapEx

4%

$136

Vacancy

0%

$0

Maintenance

4%

$136

Other

25%

$847

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