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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 -18.33% first-year return on $301k initial cash invested.

-18.33%

Cash On Cash

2.14%

Cap Rate

0.36

DSCR

$6,500

Rent

-$4,596

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,500 income − $11,096 expenses = $4,596 out of pocket

Income$6,500Out of Pocket$4,596Mortgage P&I$6,740104%Property Taxes$74611%Insurance$4908%Management$97515%CapEx$2604%Maintenance$2604%Other$1,62525%

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

$6,500

Total Expenses

$11,096

Mortgage P&I

104%

$6,740

Property Taxes

11%

$746

Home Insurance

8%

$490

HOA

0%

$0

Property Management

15%

$975

CapEx

4%

$260

Vacancy

0%

$0

Maintenance

4%

$260

Other

25%

$1,625

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