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10508 122nd Street NW, Gig Harbor, WA 98329

3 beds • 3 baths • 3070 sqft

$1,249,700

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This property looks like a bad Airbnb investment with a projected -24.35% first-year return on $280k initial cash invested.

-24.35%

Cash On Cash

0.67%

Cap Rate

0.11

DSCR

$2,502

Rent

-$5,690

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,502 income − $8,192 expenses = $5,690 out of pocket

Income$2,502Out of Pocket$5,690Mortgage P&I$6,292251%Property Taxes$1697%Insurance$45518%HOA$753%Management$37515%CapEx$1004%Maintenance$1004%Other$62625%

Investment Breakdown

|

Purchase Price

$1250k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$280k

Downpayment

20%

$250k

Closing costs

1%

$12,497

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$2,502

Total Expenses

$8,192

Mortgage P&I

251%

$6,292

Property Taxes

7%

$169

Home Insurance

18%

$455

HOA

3%

$75

Property Management

15%

$375

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$626

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