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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 -23.12% first-year return on $353k initial cash invested.

-23.12%

Cash On Cash

0.98%

Cap Rate

0.16

DSCR

$5,031

Rent

-$6,802

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,031 income − $11,833 expenses = $6,802 out of pocket

Income$5,031Out of Pocket$6,802Mortgage P&I$7,903157%Property Taxes$93719%Insurance$57811%Management$75515%CapEx$2014%Maintenance$2014%Other$1,25825%

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

$5,031

Total Expenses

$11,833

Mortgage P&I

157%

$7,903

Property Taxes

19%

$937

Home Insurance

11%

$578

HOA

0%

$0

Property Management

15%

$755

CapEx

4%

$201

Vacancy

0%

$0

Maintenance

4%

$201

Other

25%

$1,258

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