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701 Millard Ave, Royal Oak, MI 48073

3 beds • 3 baths • 2094 sqft

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This property looks like a bad Airbnb investment with a projected -20.34% first-year return on $160k initial cash invested.

-20.34%

Cash On Cash

1.37%

Cap Rate

0.23

DSCR

$3,320

Rent

-$2,713

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,320 income − $6,033 expenses = $2,713 out of pocket

Income$3,320Out of Pocket$2,713Mortgage P&I$3,350101%Property Taxes$83925%Insurance$2508%Management$49815%CapEx$1334%Maintenance$1334%Other$83025%

Investment Breakdown

|

Purchase Price

$677k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$160k

Downpayment

20%

$135k

Closing costs

1%

$6,766

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,320

Total Expenses

$6,033

Mortgage P&I

101%

$3,350

Property Taxes

25%

$839

Home Insurance

8%

$250

HOA

0%

$0

Property Management

15%

$498

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$830

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