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3118 Deer Island Drive E, Lake Tapps, WA 98391

2 beds • 1 baths • 1212 sqft

$1,250,000

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This property looks like a bad Airbnb investment with a projected -23.54% first-year return on $275k initial cash invested.

-23.54%

Cash On Cash

0.72%

Cap Rate

0.13

DSCR

$3,501

Rent

-$5,384

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1250k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$275k

Downpayment

20%

$250k

Closing costs

1%

$12,500

Rehab

0%

$0

Furnishing

1%

$12,000

Cashflow

Total Income

$3,501

Total Expenses

$8,885

Mortgage P&I

171%

$5,994

Property Taxes

22%

$773

Home Insurance

13%

$438

HOA

0%

$0

Property Management

15%

$525

CapEx

4%

$140

Vacancy

0%

$0

Maintenance

4%

$140

Other

25%

$875

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Lake Tapps guesthouse with Fireplace and BBQ

$3,071

$187

2

1

1.18 mi

Lakefront Cabin/Private Dock, Kayaks & Sunset View

$5,634

$343

2

1

1.88 mi

Lake Tapps! No Bank Waterfront

$5,946

$362

2

1

1.89 mi

Tiny on Tapps - 4 People

$4,780

$291

2

1.5

1.74 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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