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1200 N Vermont Ave, Royal Oak, MI 48067

3 beds • 2 baths • 1309 sqft

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This property looks like a bad Airbnb investment with a projected -6.84% first-year return on $93,474 initial cash invested.

-6.84%

Cash On Cash

4.93%

Cap Rate

0.79

DSCR

$3,589

Rent

-$533

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,589 income − $4,122 expenses = $533 out of pocket

Income$3,589Out of Pocket$533Mortgage P&I$1,86752%Property Taxes$41011%Insurance$1223%Management$53815%CapEx$1444%Maintenance$1444%Other$89725%

Investment Breakdown

|

Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,474

Downpayment

20%

$71,880

Closing costs

1%

$3,594

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,589

Total Expenses

$4,122

Mortgage P&I

52%

$1,867

Property Taxes

11%

$410

Home Insurance

3%

$122

HOA

0%

$0

Property Management

15%

$538

CapEx

4%

$144

Vacancy

0%

$0

Maintenance

4%

$144

Other

25%

$897

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