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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 -19.94% first-year return on $183k initial cash invested.

-19.94%

Cash On Cash

1.53%

Cap Rate

0.26

DSCR

$3,442

Rent

-$3,046

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,442 income − $6,488 expenses = $3,046 out of pocket

Income$3,442Out of Pocket$3,046Mortgage P&I$3,913114%Property Taxes$60918%Insurance$2808%HOA$341%Management$51615%CapEx$1384%Maintenance$1384%Other$86025%

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

$3,442

Total Expenses

$6,488

Mortgage P&I

114%

$3,913

Property Taxes

18%

$609

Home Insurance

8%

$280

HOA

1%

$34

Property Management

15%

$516

CapEx

4%

$138

Vacancy

0%

$0

Maintenance

4%

$138

Other

25%

$860

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