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1407 Lucille Parkway NW, Gig Harbor, WA 98335

3 beds • 3 baths • 3480 sqft

$1,150,000

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This property looks like a bad Airbnb investment with a projected -20.78% first-year return on $260k initial cash invested.

-20.78%

Cash On Cash

1.66%

Cap Rate

0.27

DSCR

$5,623

Rent

-$4,493

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,623 income − $10,116 expenses = $4,493 out of pocket

Income$5,623Out of Pocket$4,493Mortgage P&I$5,860104%Property Taxes$1,15120%Insurance$4027%HOA$4Management$84315%CapEx$2254%Maintenance$2254%Other$1,40625%

Investment Breakdown

|

Purchase Price

$1150k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$260k

Downpayment

20%

$230k

Closing costs

1%

$11,500

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,623

Total Expenses

$10,116

Mortgage P&I

104%

$5,860

Property Taxes

20%

$1,151

Home Insurance

7%

$402

HOA

0%

$4

Property Management

15%

$843

CapEx

4%

$225

Vacancy

0%

$0

Maintenance

4%

$225

Other

25%

$1,406

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