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2436 N Vermont Ave, Royal Oak, MI 48073

3 beds • 2 baths • 2335 sqft

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This property looks like a bad Airbnb investment with a projected -10.32% first-year return on $98,682 initial cash invested.

-10.32%

Cash On Cash

3.69%

Cap Rate

0.62

DSCR

$3,104

Rent

-$849

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,104 income − $3,953 expenses = $849 out of pocket

Income$3,104Out of Pocket$849Mortgage P&I$1,90561%Property Taxes$40813%Insurance$1505%Management$46615%CapEx$1244%Maintenance$1244%Other$77625%

Investment Breakdown

|

Purchase Price

$384k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,682

Downpayment

20%

$76,840

Closing costs

1%

$3,842

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,104

Total Expenses

$3,953

Mortgage P&I

61%

$1,905

Property Taxes

13%

$408

Home Insurance

5%

$150

HOA

0%

$0

Property Management

15%

$466

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$776

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