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20401 22nd Street SW, Lakebay, WA 98349

3 beds • 3 baths • 2289 sqft

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This property looks like a bad Airbnb investment with a projected -21.81% first-year return on $148k initial cash invested.

-21.81%

Cash On Cash

1.1%

Cap Rate

0.18

DSCR

$2,125

Rent

-$2,681

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,125 income − $4,806 expenses = $2,681 out of pocket

Income$2,125Out of Pocket$2,681Mortgage P&I$3,160149%Property Taxes$38618%Insurance$21910%HOA$211%Management$31915%CapEx$854%Maintenance$854%Other$53125%

Investment Breakdown

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Purchase Price

$617k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$148k

Downpayment

20%

$123k

Closing costs

1%

$6,168

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,125

Total Expenses

$4,806

Mortgage P&I

149%

$3,160

Property Taxes

18%

$386

Home Insurance

10%

$219

HOA

1%

$21

Property Management

15%

$319

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$531

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