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10533 2nd Pl SE, Lake Stevens, WA 98258

2 beds • 1 baths • 612 sqft

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This property looks like a bad Airbnb investment with a projected -21.25% first-year return on $105k initial cash invested.

-21.25%

Cash On Cash

1.17%

Cap Rate

0.19

DSCR

$1,593

Rent

-$1,855

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,593 income − $3,448 expenses = $1,855 out of pocket

Income$1,593Out of Pocket$1,855Mortgage P&I$2,221139%Property Taxes$30719%Insurance$15510%Management$23915%CapEx$644%Maintenance$644%Other$39825%

Investment Breakdown

|

Purchase Price

$442k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$88,340

Closing costs

1%

$4,417

Rehab

0%

$0

Furnishing

3%

$12,000

Cashflow

Total Income

$1,593

Total Expenses

$3,448

Mortgage P&I

139%

$2,221

Property Taxes

19%

$307

Home Insurance

10%

$155

HOA

0%

$0

Property Management

15%

$239

CapEx

4%

$64

Vacancy

0%

$0

Maintenance

4%

$64

Other

25%

$398

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Cozy Lake Stevens Cottage

$2,573

$141

2

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The Sail Away Townhome

$3,979

$218

2

1

0.51 mi

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$3,048

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2

1.5

0.35 mi

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$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

Projection Charts

Investment Value YoY

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