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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 -12.35% first-year return on $100k initial cash invested.

-12.35%

Cash On Cash

3.11%

Cap Rate

0.53

DSCR

$2,933

Rent

-$1,034

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,933 income − $3,967 expenses = $1,034 out of pocket

Income$2,933Out of Pocket$1,034Mortgage P&I$1,93666%Property Taxes$48417%Insurance$1405%Management$44015%CapEx$1174%Maintenance$1174%Other$73325%

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

$2,933

Total Expenses

$3,967

Mortgage P&I

66%

$1,936

Property Taxes

17%

$484

Home Insurance

5%

$140

HOA

0%

$0

Property Management

15%

$440

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$733

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