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430 S Edison Ave, Royal Oak, MI 48067

3 beds • 2 baths • 1686 sqft

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This property looks like a bad Airbnb investment with a projected -9.68% first-year return on $100k initial cash invested.

-9.68%

Cash On Cash

3.85%

Cap Rate

0.65

DSCR

$3,361

Rent

-$811

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$393k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$78,560

Closing costs

1%

$3,928

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,361

Total Expenses

$4,172

Mortgage P&I

58%

$1,936

Property Taxes

14%

$484

Home Insurance

4%

$140

HOA

0%

$0

Property Management

15%

$504

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$840

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