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704 N Edison Ave, Royal Oak, MI 48067

3 beds • 2 baths • 1617 sqft

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This property looks like a bad Airbnb investment with a projected -10.37% first-year return on $89,589 initial cash invested.

-10.37%

Cash On Cash

3.61%

Cap Rate

0.61

DSCR

$2,760

Rent

-$774

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,760 income − $3,534 expenses = $774 out of pocket

Income$2,760Out of Pocket$774Mortgage P&I$1,69061%Property Taxes$40615%Insurance$1144%Management$41415%CapEx$1104%Maintenance$1104%Other$69025%

Investment Breakdown

|

Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,589

Downpayment

20%

$68,180

Closing costs

1%

$3,409

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,760

Total Expenses

$3,534

Mortgage P&I

61%

$1,690

Property Taxes

15%

$406

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$414

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$690

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