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3800 Long Lake Drive SE, Olympia, WA 98503

3 beds • 3 baths • 2970 sqft

$1,595,300

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This property looks like a bad Airbnb investment with a projected -22.9% first-year return on $353k initial cash invested.

-22.9%

Cash On Cash

1.03%

Cap Rate

0.17

DSCR

$5,155

Rent

-$6,737

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,155 income − $11,892 expenses = $6,737 out of pocket

Income$5,155Out of Pocket$6,737Mortgage P&I$7,903153%Property Taxes$93718%Insurance$57811%Management$77315%CapEx$2064%Maintenance$2064%Other$1,28925%

Investment Breakdown

|

Purchase Price

$1595k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$353k

Downpayment

20%

$319k

Closing costs

1%

$15,953

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$5,155

Total Expenses

$11,892

Mortgage P&I

153%

$7,903

Property Taxes

18%

$937

Home Insurance

11%

$578

HOA

0%

$0

Property Management

15%

$773

CapEx

4%

$206

Vacancy

0%

$0

Maintenance

4%

$206

Other

25%

$1,289

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