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2103 N Main St, Royal Oak, MI 48073

3 beds • 2 baths • 1693 sqft

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This property looks like a bad Airbnb investment with a projected -9.15% first-year return on $95,616 initial cash invested.

-9.15%

Cash On Cash

3.9%

Cap Rate

0.67

DSCR

$3,207

Rent

-$729

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,616

Downpayment

20%

$73,920

Closing costs

1%

$3,696

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,207

Total Expenses

$3,936

Mortgage P&I

56%

$1,803

Property Taxes

14%

$454

Home Insurance

4%

$140

HOA

0%

$0

Property Management

15%

$481

CapEx

4%

$128

Vacancy

0%

$0

Maintenance

4%

$128

Other

25%

$802

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