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2356 Red Spruce Drive SE, Pt Orchard, WA 98366

3 beds • 2 baths • 1479 sqft

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This property looks like a bad Airbnb investment with a projected -12.1% first-year return on $122k initial cash invested.

-12.1%

Cash On Cash

3.36%

Cap Rate

0.56

DSCR

$3,320

Rent

-$1,231

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,320 income − $4,551 expenses = $1,231 out of pocket

Income$3,320Out of Pocket$1,231Mortgage P&I$2,48675%Property Taxes$2989%Insurance$1735%Management$49815%CapEx$1334%Maintenance$1334%Other$83025%

Investment Breakdown

|

Purchase Price

$496k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,140

Closing costs

1%

$4,957

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,320

Total Expenses

$4,551

Mortgage P&I

75%

$2,486

Property Taxes

9%

$298

Home Insurance

5%

$173

HOA

0%

$0

Property Management

15%

$498

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$830

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