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2915 Oliver Rd, Royal Oak, MI 48073

3 beds • 2 baths • 1942 sqft

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This property looks like a bad Airbnb investment with a projected -7.2% first-year return on $92,214 initial cash invested.

-7.2%

Cash On Cash

4.44%

Cap Rate

0.76

DSCR

$3,316

Rent

-$553

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$353k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,214

Downpayment

20%

$70,680

Closing costs

1%

$3,534

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,316

Total Expenses

$3,869

Mortgage P&I

52%

$1,727

Property Taxes

13%

$424

Home Insurance

4%

$126

HOA

0%

$0

Property Management

15%

$497

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$829

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