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614 Gardenia Ave, Royal Oak, MI 48067

3 beds • 2 baths • 1605 sqft

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This property might be a fair Airbnb investment with a projected 0.32% first-year return on $75,876 initial cash invested.

0.32%

Cash On Cash

6.67%

Cap Rate

1.11

DSCR

$3,397

Rent

$20

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,397 income − $3,377 expenses = $20 cash flow

Income$3,397Mortgage P&I$1,37741%Property Taxes$2578%Insurance$1123%Management$51015%CapEx$1364%Maintenance$1364%Other$84925%Cash Flow$20

Investment Breakdown

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Purchase Price

$276k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,876

Downpayment

20%

$55,120

Closing costs

1%

$2,756

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,397

Total Expenses

$3,377

Mortgage P&I

41%

$1,377

Property Taxes

8%

$257

Home Insurance

3%

$112

HOA

0%

$0

Property Management

15%

$510

CapEx

4%

$136

Vacancy

0%

$0

Maintenance

4%

$136

Other

25%

$849

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