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4407 Auburn Dr, Royal Oak, MI 48073

3 beds • 2 baths • 2567 sqft

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This property looks like a bad Airbnb investment with a projected -18.3% first-year return on $117k initial cash invested.

-18.3%

Cash On Cash

2.42%

Cap Rate

0.36

DSCR

$3,220

Rent

-$1,792

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,220 income − $5,012 expenses = $1,792 out of pocket

Income$3,220Out of Pocket$1,792Mortgage P&I$2,61781%Property Taxes$68121%Insurance$1685%Management$48315%CapEx$1294%Maintenance$1294%Other$80525%

Investment Breakdown

|

Purchase Price

$474k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,740

Closing costs

1%

$4,737

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,220

Total Expenses

$5,012

Mortgage P&I

81%

$2,617

Property Taxes

21%

$681

Home Insurance

5%

$168

HOA

0%

$0

Property Management

15%

$483

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$805

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