REI Lense

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300 Octopus Avenue NE, Ocean Shores, WA 98569

3 beds • 2 baths • 1337 sqft

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This property looks like a bad Long-Term investment with a projected -9.79% first-year return on $77,364 initial cash invested.

-9.79%

Cash On Cash

4.24%

Cap Rate

0.71

DSCR

$2,102

Rent

-$631

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$368k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,364

Downpayment

20%

$73,680

Closing costs

1%

$3,684

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,102

Total Expenses

$2,733

Mortgage P&I

87%

$1,827

Property Taxes

10%

$201

Home Insurance

8%

$159

HOA

0%

$0

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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