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28 Strawberry Point Road, Bellingham, WA 98229

3 beds • 3 baths • 2442 sqft

$1,347,100

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This property looks like a bad Airbnb investment with a projected -17.8% first-year return on $301k initial cash invested.

-17.8%

Cash On Cash

2.27%

Cap Rate

0.38

DSCR

$6,755

Rent

-$4,463

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,755 income − $11,218 expenses = $4,463 out of pocket

Income$6,755Out of Pocket$4,463Mortgage P&I$6,740100%Property Taxes$74611%Insurance$4907%Management$1,01315%CapEx$2704%Maintenance$2704%Other$1,68925%

Investment Breakdown

|

Purchase Price

$1347k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$301k

Downpayment

20%

$269k

Closing costs

1%

$13,471

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$6,755

Total Expenses

$11,218

Mortgage P&I

100%

$6,740

Property Taxes

11%

$746

Home Insurance

7%

$490

HOA

0%

$0

Property Management

15%

$1,013

CapEx

4%

$270

Vacancy

0%

$0

Maintenance

4%

$270

Other

25%

$1,689

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