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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 -27.1% first-year return on $280k initial cash invested.

-27.1%

Cash On Cash

0.07%

Cap Rate

0.01

DSCR

$2,724

Rent

-$6,319

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,724 income − $9,043 expenses = $6,319 out of pocket

Income$2,724Out of Pocket$6,319Mortgage P&I$6,280231%Property Taxes$1,00037%Insurance$45517%Management$40915%CapEx$1094%Maintenance$1094%Other$68125%

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

$2,724

Total Expenses

$9,043

Mortgage P&I

231%

$6,280

Property Taxes

37%

$1,000

Home Insurance

17%

$455

HOA

0%

$0

Property Management

15%

$409

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$681

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