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728 N Washington Ave, Royal Oak, MI 48067

3 beds • 2 baths • 1716 sqft

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This property looks like a bad Airbnb investment with a projected -12.55% first-year return on $91,521 initial cash invested.

-12.55%

Cash On Cash

3.05%

Cap Rate

0.51

DSCR

$2,623

Rent

-$957

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,623 income − $3,580 expenses = $957 out of pocket

Income$2,623Out of Pocket$957Mortgage P&I$1,74166%Property Taxes$41616%Insurance$1646%Management$39315%CapEx$1054%Maintenance$1054%Other$65625%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,521

Downpayment

20%

$70,020

Closing costs

1%

$3,501

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,623

Total Expenses

$3,580

Mortgage P&I

66%

$1,741

Property Taxes

16%

$416

Home Insurance

6%

$164

HOA

0%

$0

Property Management

15%

$393

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$656

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