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4346 Mandalay Ave, Royal Oak, MI 48073

3 beds • 2 baths • 1350 sqft

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This property looks like a bad Airbnb investment with a projected -16.44% first-year return on $99,207 initial cash invested.

-16.44%

Cash On Cash

2.33%

Cap Rate

0.37

DSCR

$2,510

Rent

-$1,359

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,510 income − $3,869 expenses = $1,359 out of pocket

Income$2,510Out of Pocket$1,359Mortgage P&I$2,00980%Property Taxes$48119%Insurance$1757%Management$37615%CapEx$1004%Maintenance$1004%Other$62825%

Investment Breakdown

|

Purchase Price

$387k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,207

Downpayment

20%

$77,340

Closing costs

1%

$3,867

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,510

Total Expenses

$3,869

Mortgage P&I

80%

$2,009

Property Taxes

19%

$481

Home Insurance

7%

$175

HOA

0%

$0

Property Management

15%

$376

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$628

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