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3007 Meridian Court, Anacortes, WA 98221

3 beds • 3 baths • 4060 sqft

$1,119,300

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This property looks like a bad Airbnb investment with a projected -22.99% first-year return on $253k initial cash invested.

-22.99%

Cash On Cash

0.96%

Cap Rate

0.16

DSCR

$4,254

Rent

-$4,849

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,254 income − $9,103 expenses = $4,849 out of pocket

Income$4,254Out of Pocket$4,849Mortgage P&I$5,571131%Property Taxes$91321%Insurance$57714%Management$63815%CapEx$1704%Maintenance$1704%Other$1,06425%

Investment Breakdown

|

Purchase Price

$1119k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$253k

Downpayment

20%

$224k

Closing costs

1%

$11,193

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,254

Total Expenses

$9,103

Mortgage P&I

131%

$5,571

Property Taxes

21%

$913

Home Insurance

14%

$577

HOA

0%

$0

Property Management

15%

$638

CapEx

4%

$170

Vacancy

0%

$0

Maintenance

4%

$170

Other

25%

$1,064

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