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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 -5.23% first-year return on $78,669 initial cash invested.

-5.23%

Cash On Cash

5.03%

Cap Rate

0.84

DSCR

$2,916

Rent

-$343

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,916 income − $3,259 expenses = $343 out of pocket

Income$2,916Out of Pocket$343Mortgage P&I$1,43649%Property Taxes$32111%Insurance$1023%Management$43715%CapEx$1174%Maintenance$1174%Other$72925%

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

$2,916

Total Expenses

$3,259

Mortgage P&I

49%

$1,436

Property Taxes

11%

$321

Home Insurance

4%

$102

HOA

0%

$0

Property Management

15%

$437

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$729

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