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2656 Burnham Rd, Royal Oak, MI 48073

3 beds • 3 baths • 3153 sqft

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This property looks like a bad Airbnb investment with a projected -21.23% first-year return on $188k initial cash invested.

-21.23%

Cash On Cash

1.23%

Cap Rate

0.21

DSCR

$3,211

Rent

-$3,330

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$811k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$188k

Downpayment

20%

$162k

Closing costs

1%

$8,105

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,211

Total Expenses

$6,541

Mortgage P&I

126%

$4,034

Property Taxes

21%

$668

Home Insurance

9%

$298

HOA

0%

$0

Property Management

15%

$482

CapEx

4%

$128

Vacancy

0%

$0

Maintenance

4%

$128

Other

25%

$803

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Comparable Property

Rent

ADR

Beds

Baths

Distance

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1.5

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3

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4

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4

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1.3 mi

1255 S Forest Knoll St

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2

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0.9 mi

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5

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0.6 mi

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2

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0.9 mi

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5

4

0.6 mi

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$1,100

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2

1

0.9 mi

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$2,850

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5

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