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122 Jeffrey Ave, Royal Oak, MI 48073

3 beds • 2 baths • 1902 sqft

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This property looks like a bad Airbnb investment with a projected -8.7% first-year return on $105k initial cash invested.

-8.7%

Cash On Cash

4.07%

Cap Rate

0.69

DSCR

$3,556

Rent

-$758

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$412k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,400

Closing costs

1%

$4,120

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,556

Total Expenses

$4,314

Mortgage P&I

57%

$2,013

Property Taxes

13%

$455

Home Insurance

4%

$140

HOA

0%

$0

Property Management

15%

$533

CapEx

4%

$142

Vacancy

0%

$0

Maintenance

4%

$142

Other

25%

$889

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