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608 E Windemere Ave, Royal Oak, MI 48073

3 beds • 2 baths • 1075 sqft

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This property looks like a bad Airbnb investment with a projected -3.78% first-year return on $78,669 initial cash invested.

-3.78%

Cash On Cash

5.45%

Cap Rate

0.91

DSCR

$3,098

Rent

-$248

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,098 income − $3,346 expenses = $248 out of pocket

Income$3,098Out of Pocket$248Mortgage P&I$1,43646%Property Taxes$32110%Insurance$1023%Management$46515%CapEx$1244%Maintenance$1244%Other$77425%

Investment Breakdown

|

Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,669

Downpayment

20%

$57,780

Closing costs

1%

$2,889

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,098

Total Expenses

$3,346

Mortgage P&I

46%

$1,436

Property Taxes

10%

$321

Home Insurance

3%

$102

HOA

0%

$0

Property Management

15%

$465

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$774

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