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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 -8.09% first-year return on $89,589 initial cash invested.

-8.09%

Cash On Cash

4.26%

Cap Rate

0.72

DSCR

$3,090

Rent

-$604

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,090 income − $3,694 expenses = $604 out of pocket

Income$3,090Out of Pocket$604Mortgage P&I$1,69055%Property Taxes$40613%Insurance$1144%Management$46415%CapEx$1244%Maintenance$1244%Other$77225%

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

$3,090

Total Expenses

$3,694

Mortgage P&I

55%

$1,690

Property Taxes

13%

$406

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$464

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$772

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