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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 -10.29% first-year return on $89,589 initial cash invested.

-10.29%

Cash On Cash

3.64%

Cap Rate

0.61

DSCR

$2,774

Rent

-$768

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,774 income − $3,542 expenses = $768 out of pocket

Income$2,774Out of Pocket$768Mortgage P&I$1,69061%Property Taxes$40615%Insurance$1144%Management$41615%CapEx$1114%Maintenance$1114%Other$69425%

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

$2,774

Total Expenses

$3,542

Mortgage P&I

61%

$1,690

Property Taxes

15%

$406

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$416

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$694

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