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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 -17.6% first-year return on $99,207 initial cash invested.

-17.6%

Cash On Cash

2.01%

Cap Rate

0.32

DSCR

$2,327

Rent

-$1,455

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,327 income − $3,782 expenses = $1,455 out of pocket

Income$2,327Out of Pocket$1,455Mortgage P&I$2,00986%Property Taxes$48121%Insurance$1758%Management$34915%CapEx$934%Maintenance$934%Other$58225%

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

$2,327

Total Expenses

$3,782

Mortgage P&I

86%

$2,009

Property Taxes

21%

$481

Home Insurance

8%

$175

HOA

0%

$0

Property Management

15%

$349

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$582

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