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2344 Mt Baker Highway, Bellingham, WA 98226

3 beds • 4 baths • 2816 sqft

$1,033,600

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This property looks like a bad Airbnb investment with a projected -18.71% first-year return on $235k initial cash invested.

-18.71%

Cash On Cash

1.98%

Cap Rate

0.33

DSCR

$4,513

Rent

-$3,665

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,513 income − $8,178 expenses = $3,665 out of pocket

Income$4,513Out of Pocket$3,665Mortgage P&I$5,189115%Property Taxes$44510%Insurance$3778%Management$67715%CapEx$1814%Maintenance$1814%Other$1,12825%

Investment Breakdown

|

Purchase Price

$1034k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$235k

Downpayment

20%

$207k

Closing costs

1%

$10,336

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,513

Total Expenses

$8,178

Mortgage P&I

115%

$5,189

Property Taxes

10%

$445

Home Insurance

8%

$377

HOA

0%

$0

Property Management

15%

$677

CapEx

4%

$181

Vacancy

0%

$0

Maintenance

4%

$181

Other

25%

$1,128

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