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21417 Snag Island Drive E, Lake Tapps, WA 98391

3 beds • 3 baths • 4335 sqft

$1,907,100

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This property looks like a bad Airbnb investment with a projected -27.96% first-year return on $418k initial cash invested.

-27.96%

Cash On Cash

-0.02%

Cap Rate

0

DSCR

$4,315

Rent

-$9,751

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,315 income − $14,066 expenses = $9,751 out of pocket

Income$4,315Out of Pocket$9,751Mortgage P&I$9,541221%Property Taxes$1,61237%Insurance$70016%HOA$1413%Management$64715%CapEx$1734%Maintenance$1734%Other$1,07925%

Investment Breakdown

|

Purchase Price

$1907k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$418k

Downpayment

20%

$381k

Closing costs

1%

$19,071

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,315

Total Expenses

$14,066

Mortgage P&I

221%

$9,541

Property Taxes

37%

$1,612

Home Insurance

16%

$700

HOA

3%

$141

Property Management

15%

$647

CapEx

4%

$173

Vacancy

0%

$0

Maintenance

4%

$173

Other

25%

$1,079

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