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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 -1.18% first-year return on $98,682 initial cash invested.

-1.18%

Cash On Cash

6.22%

Cap Rate

1.04

DSCR

$4,549

Rent

-$97

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,549 income − $4,646 expenses = $97 out of pocket

Income$4,549Out of Pocket$97Mortgage P&I$1,90542%Property Taxes$4089%Insurance$1503%Management$68215%CapEx$1824%Maintenance$1824%Other$1,13725%

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

$4,549

Total Expenses

$4,646

Mortgage P&I

42%

$1,905

Property Taxes

9%

$408

Home Insurance

3%

$150

HOA

0%

$0

Property Management

15%

$682

CapEx

4%

$182

Vacancy

0%

$0

Maintenance

4%

$182

Other

25%

$1,137

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