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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 -12.4% first-year return on $93,474 initial cash invested.

-12.4%

Cash On Cash

3.38%

Cap Rate

0.54

DSCR

$2,754

Rent

-$966

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,754 income − $3,720 expenses = $966 out of pocket

Income$2,754Out of Pocket$966Mortgage P&I$1,86768%Property Taxes$41015%Insurance$1224%Management$41315%CapEx$1104%Maintenance$1104%Other$68825%

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

$2,754

Total Expenses

$3,720

Mortgage P&I

68%

$1,867

Property Taxes

15%

$410

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$413

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$688

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