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21717 50th Avenue E, Spanaway, WA 98387

3 beds • 3 baths • 1444 sqft

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This property looks like a bad Airbnb investment with a projected -11.39% first-year return on $119k initial cash invested.

-11.39%

Cash On Cash

3.42%

Cap Rate

0.58

DSCR

$3,454

Rent

-$1,128

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,454 income − $4,582 expenses = $1,128 out of pocket

Income$3,454Out of Pocket$1,128Mortgage P&I$2,35768%Property Taxes$39912%Insurance$1685%Management$51815%CapEx$1384%Maintenance$1384%Other$86425%

Investment Breakdown

|

Purchase Price

$480k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$96,060

Closing costs

1%

$4,803

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,454

Total Expenses

$4,582

Mortgage P&I

68%

$2,357

Property Taxes

12%

$399

Home Insurance

5%

$168

HOA

0%

$0

Property Management

15%

$518

CapEx

4%

$138

Vacancy

0%

$0

Maintenance

4%

$138

Other

25%

$864

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