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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 -6.48% first-year return on $92,214 initial cash invested.

-6.48%

Cash On Cash

4.64%

Cap Rate

0.79

DSCR

$3,421

Rent

-$498

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,421 income − $3,919 expenses = $498 out of pocket

Income$3,421Out of Pocket$498Mortgage P&I$1,72750%Property Taxes$42412%Insurance$1264%Management$51315%CapEx$1374%Maintenance$1374%Other$85525%

Investment Breakdown

|

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

$3,421

Total Expenses

$3,919

Mortgage P&I

50%

$1,727

Property Taxes

12%

$424

Home Insurance

4%

$126

HOA

0%

$0

Property Management

15%

$513

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$855

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