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137 Canal Drive NE, Ocean Shores, WA 98569

3 beds • 2 baths • 1535 sqft

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This property looks like a bad Airbnb investment with a projected -14.55% first-year return on $107k initial cash invested.

-14.55%

Cash On Cash

2.55%

Cap Rate

0.43

DSCR

$2,305

Rent

-$1,300

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,305 income − $3,605 expenses = $1,300 out of pocket

Income$2,305Out of Pocket$1,300Mortgage P&I$2,11092%Property Taxes$24010%Insurance$1496%Management$34615%CapEx$924%Maintenance$924%Other$57625%

Investment Breakdown

|

Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,305

Total Expenses

$3,605

Mortgage P&I

92%

$2,110

Property Taxes

10%

$240

Home Insurance

6%

$149

HOA

0%

$0

Property Management

15%

$346

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$576

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