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24855 16TH Avenue S, Des Moines, WA 98198

4 beds • 2 baths • 1190 sqft

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This property looks like a bad Airbnb investment with a projected -17.49% first-year return on $142k initial cash invested.

-17.49%

Cash On Cash

1.72%

Cap Rate

0.29

DSCR

$2,584

Rent

-$2,067

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,584 income − $4,651 expenses = $2,067 out of pocket

Income$2,584Out of Pocket$2,067Mortgage P&I$2,770107%Property Taxes$44117%Insurance$2008%Management$38815%CapEx$1034%Maintenance$1034%Other$64625%

Investment Breakdown

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Purchase Price

$561k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$112k

Closing costs

1%

$5,609

Rehab

0%

$0

Furnishing

4%

$24,000

Cashflow

Total Income

$2,584

Total Expenses

$4,651

Mortgage P&I

107%

$2,770

Property Taxes

17%

$441

Home Insurance

8%

$200

HOA

0%

$0

Property Management

15%

$388

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$646

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