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2623 NE 6th Dr, Redmond, OR 97756

3 beds • 2 baths • 1619 sqft

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This property looks like a bad Airbnb investment with a projected -16.34% first-year return on $113k initial cash invested.

-16.34%

Cash On Cash

2.3%

Cap Rate

0.37

DSCR

$2,340

Rent

-$1,542

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,340 income − $3,882 expenses = $1,542 out of pocket

Income$2,340Out of Pocket$1,542Mortgage P&I$2,31699%Property Taxes$28112%Insurance$1617%Management$35115%CapEx$944%Maintenance$944%Other$58525%

Investment Breakdown

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Purchase Price

$454k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,700

Closing costs

1%

$4,535

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,340

Total Expenses

$3,882

Mortgage P&I

99%

$2,316

Property Taxes

12%

$281

Home Insurance

7%

$161

HOA

0%

$0

Property Management

15%

$351

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$585

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