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1557 Mitchell Avenue #2, Blaine, WA 98230

3 beds • 3 baths • 2455 sqft

$1,399,000

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This property looks like a bad Long-Term investment with a projected -22.2% first-year return on $294k initial cash invested.

-22.2%

Cash On Cash

1.41%

Cap Rate

0.24

DSCR

$3,070

Rent

-$5,435

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1399k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$294k

Downpayment

20%

$280k

Closing costs

1%

$13,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,070

Total Expenses

$8,505

Mortgage P&I

225%

$6,922

Property Taxes

10%

$294

Home Insurance

16%

$490

HOA

0%

$0

Property Management

10%

$307

CapEx

5%

$154

Vacancy

6%

$184

Maintenance

5%

$154

Other

0%

$0

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