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20224 1st Place S, Des Moines, WA 98198

3 beds • 2 baths • 1320 sqft

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This property looks like a bad Airbnb investment with a projected -20.63% first-year return on $131k initial cash invested.

-20.63%

Cash On Cash

1.61%

Cap Rate

0.25

DSCR

$2,496

Rent

-$2,247

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,496 income − $4,743 expenses = $2,247 out of pocket

Income$2,496Out of Pocket$2,247Mortgage P&I$2,868115%Property Taxes$48519%Insurance$1928%Management$37415%CapEx$1004%Maintenance$1004%Other$62425%

Investment Breakdown

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Purchase Price

$537k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$107k

Closing costs

1%

$5,368

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,496

Total Expenses

$4,743

Mortgage P&I

115%

$2,868

Property Taxes

19%

$485

Home Insurance

8%

$192

HOA

0%

$0

Property Management

15%

$374

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$624

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