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16518 NE 2nd Place, Bellevue, WA 98008

3 beds • 3 baths • 2450 sqft

$1,855,400

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This property looks like a bad Airbnb investment with a projected -26.3% first-year return on $408k initial cash invested.

-26.3%

Cash On Cash

0.37%

Cap Rate

0.06

DSCR

$2,488

Rent

-$8,935

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,488 income − $11,423 expenses = $8,935 out of pocket

Income$2,488Out of Pocket$8,935Mortgage P&I$9,408378%Property Taxes$1386%Insurance$68227%Management$37315%CapEx$1004%Maintenance$1004%Other$62225%

Investment Breakdown

|

Purchase Price

$1855k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$408k

Downpayment

20%

$371k

Closing costs

1%

$18,554

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$2,488

Total Expenses

$11,423

Mortgage P&I

378%

$9,408

Property Taxes

6%

$138

Home Insurance

27%

$682

HOA

0%

$0

Property Management

15%

$373

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$622

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