REI Lense

REI Lense

Unlock all features! Tap here to upgrade

3021 115th Ave. NW, Gig Harbor, WA 98335

3 beds • 3 baths • 3222 sqft

$2,324,300

View on Zillow
Email

This property looks like a bad Airbnb investment with a projected -26.49% first-year return on $506k initial cash invested.

-26.49%

Cash On Cash

0.35%

Cap Rate

0.06

DSCR

$5,461

Rent

-$11,174

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,461 income − $16,635 expenses = $11,174 out of pocket

Income$5,461Out of Pocket$11,174Mortgage P&I$11,628213%Property Taxes$1,52928%Insurance$85816%Management$81915%CapEx$2184%Maintenance$2184%Other$1,36525%

Investment Breakdown

|

Purchase Price

$2324k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$506k

Downpayment

20%

$465k

Closing costs

1%

$23,243

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$5,461

Total Expenses

$16,635

Mortgage P&I

213%

$11,628

Property Taxes

28%

$1,529

Home Insurance

16%

$858

HOA

0%

$0

Property Management

15%

$819

CapEx

4%

$218

Vacancy

0%

$0

Maintenance

4%

$218

Other

25%

$1,365

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis