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1200 232nd Lane, Ocean Park, WA 98640

3 beds • 3 baths • 2160 sqft

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This property looks like a bad Airbnb investment with a projected -16.26% first-year return on $131k initial cash invested.

-16.26%

Cash On Cash

2.13%

Cap Rate

0.36

DSCR

$2,557

Rent

-$1,778

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,557 income − $4,335 expenses = $1,778 out of pocket

Income$2,557Out of Pocket$1,778Mortgage P&I$2,633103%Property Taxes$28611%Insurance$1897%Management$38415%CapEx$1024%Maintenance$1024%Other$63925%

Investment Breakdown

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Purchase Price

$539k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$108k

Closing costs

1%

$5,390

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,557

Total Expenses

$4,335

Mortgage P&I

103%

$2,633

Property Taxes

11%

$286

Home Insurance

7%

$189

HOA

0%

$0

Property Management

15%

$384

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$639

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