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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 -21.72% first-year return on $105k initial cash invested.

-21.72%

Cash On Cash

1.05%

Cap Rate

0.17

DSCR

$1,515

Rent

-$1,896

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,515 income − $3,411 expenses = $1,896 out of pocket

Income$1,515Out of Pocket$1,896Mortgage P&I$2,221147%Property Taxes$30720%Insurance$15510%Management$22715%CapEx$614%Maintenance$614%Other$37925%

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

$1,515

Total Expenses

$3,411

Mortgage P&I

147%

$2,221

Property Taxes

20%

$307

Home Insurance

10%

$155

HOA

0%

$0

Property Management

15%

$227

CapEx

4%

$61

Vacancy

0%

$0

Maintenance

4%

$61

Other

25%

$379

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Cozy Lake Stevens Cottage

$2,874

$135

2

1

0.2 mi

The Sail Away Townhome

$4,642

$218

2

1

0.51 mi

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$3,258

$153

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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