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17902 Cove Lane, Mount Vernon, WA 98274

3 beds • 2 baths • 1956 sqft

$1,246,500

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This property looks like a bad Airbnb investment with a projected -24.08% first-year return on $280k initial cash invested.

-24.08%

Cash On Cash

0.8%

Cap Rate

0.13

DSCR

$4,076

Rent

-$5,615

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,076 income − $9,691 expenses = $5,615 out of pocket

Income$4,076Out of Pocket$5,615Mortgage P&I$6,280154%Property Taxes$1,00025%Insurance$45511%Management$61115%CapEx$1634%Maintenance$1634%Other$1,01925%

Investment Breakdown

|

Purchase Price

$1247k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$280k

Downpayment

20%

$249k

Closing costs

1%

$12,465

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,076

Total Expenses

$9,691

Mortgage P&I

154%

$6,280

Property Taxes

25%

$1,000

Home Insurance

11%

$455

HOA

0%

$0

Property Management

15%

$611

CapEx

4%

$163

Vacancy

0%

$0

Maintenance

4%

$163

Other

25%

$1,019

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