REI Lense

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$3,502 (target)

21428 Birch Place, Ocean Park, WA 98640

3 beds • 2 baths • 1575 sqft

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This property looks like a bad Mid-Term investment with a projected -4.39% first-year return on $114k initial cash invested.

-4.39%

Cash On Cash

5.4%

Cap Rate

0.88

DSCR

$3,502

Rent

-$418

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,502 income − $3,920 expenses = $418 out of pocket

Income$3,502Out of Pocket$418Mortgage P&I$2,34167%Property Taxes$2006%Insurance$1665%HOA$231%Management$42012%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38511%

Investment Breakdown

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Purchase Price

$459k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,700

Closing costs

1%

$4,585

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,502

Total Expenses

$3,920

Mortgage P&I

67%

$2,341

Property Taxes

6%

$200

Home Insurance

5%

$166

HOA

1%

$23

Property Management

12%

$420

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$385

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