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3929 Hoffman Court SE, Olympia, WA 98501

3 beds • 2 baths • 1938 sqft

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This property looks like a bad Airbnb investment with a projected -14.46% first-year return on $142k initial cash invested.

-14.46%

Cash On Cash

2.75%

Cap Rate

0.46

DSCR

$3,624

Rent

-$1,713

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,624 income − $5,337 expenses = $1,713 out of pocket

Income$3,624Out of Pocket$1,713Mortgage P&I$2,92181%Property Taxes$46613%Insurance$2106%Management$54415%CapEx$1454%Maintenance$1454%Other$90625%

Investment Breakdown

|

Purchase Price

$591k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$118k

Closing costs

1%

$5,914

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,624

Total Expenses

$5,337

Mortgage P&I

81%

$2,921

Property Taxes

13%

$466

Home Insurance

6%

$210

HOA

0%

$0

Property Management

15%

$544

CapEx

4%

$145

Vacancy

0%

$0

Maintenance

4%

$145

Other

25%

$906

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