REI Lense

REI Lense

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$2,015 (target)

243 Octopus Avenue NE, Ocean Shores, WA 98569

3 beds • 2 baths • 1300 sqft

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This property looks like a bad Long-Term investment with a projected -11.25% first-year return on $81,585 initial cash invested.

-11.25%

Cash On Cash

3.92%

Cap Rate

0.66

DSCR

$2,015

Rent

-$765

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,015 income − $2,780 expenses = $765 out of pocket

Income$2,015Out of Pocket$765Mortgage P&I$1,93396%Property Taxes$1829%Insurance$1407%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%

Investment Breakdown

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Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,585

Downpayment

20%

$77,700

Closing costs

1%

$3,885

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,015

Total Expenses

$2,780

Mortgage P&I

96%

$1,933

Property Taxes

9%

$182

Home Insurance

7%

$140

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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