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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 -4.68% first-year return on $78,669 initial cash invested.

-4.68%

Cash On Cash

5.18%

Cap Rate

0.87

DSCR

$2,984

Rent

-$307

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,984 income − $3,291 expenses = $307 out of pocket

Income$2,984Out of Pocket$307Mortgage P&I$1,43648%Property Taxes$32111%Insurance$1023%Management$44815%CapEx$1194%Maintenance$1194%Other$74625%

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

$2,984

Total Expenses

$3,291

Mortgage P&I

48%

$1,436

Property Taxes

11%

$321

Home Insurance

3%

$102

HOA

0%

$0

Property Management

15%

$448

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$746

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