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1505 N Altadena Ave, Royal Oak, MI 48067

4 beds • 2 baths • 1919 sqft

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This property looks like a bad Airbnb investment with a projected -4.45% first-year return on $95,379 initial cash invested.

-4.45%

Cash On Cash

5.24%

Cap Rate

0.87

DSCR

$3,457

Rent

-$354

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,379

Downpayment

20%

$67,980

Closing costs

1%

$3,399

Rehab

0%

$0

Furnishing

7%

$24,000

Cashflow

Total Income

$3,457

Total Expenses

$3,811

Mortgage P&I

49%

$1,699

Property Taxes

9%

$320

Home Insurance

4%

$133

HOA

0%

$0

Property Management

15%

$519

CapEx

4%

$138

Vacancy

0%

$0

Maintenance

4%

$138

Other

25%

$864

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