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18319 Driftwood Drive E, Lake Tapps, WA 98391

3 beds • 3 baths • 2310 sqft

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This property looks like a bad Airbnb investment with a projected -21.06% first-year return on $183k initial cash invested.

-21.06%

Cash On Cash

1.25%

Cap Rate

0.21

DSCR

$3,112

Rent

-$3,217

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,112 income − $6,329 expenses = $3,217 out of pocket

Income$3,112Out of Pocket$3,217Mortgage P&I$3,913126%Property Taxes$60920%Insurance$2809%HOA$341%Management$46715%CapEx$1244%Maintenance$1244%Other$77825%

Investment Breakdown

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Purchase Price

$787k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$183k

Downpayment

20%

$157k

Closing costs

1%

$7,872

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,112

Total Expenses

$6,329

Mortgage P&I

126%

$3,913

Property Taxes

20%

$609

Home Insurance

9%

$280

HOA

1%

$34

Property Management

15%

$467

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$778

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