REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

403 E Ermina Ave, Spokane, WA 99207

3 beds • 2 baths • 1104 sqft

Email

This property looks like a bad Airbnb investment with a projected -6.25% first-year return on $80,622 initial cash invested.

-6.25%

Cash On Cash

4.68%

Cap Rate

0.79

DSCR

$2,637

Rent

-$420

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$298k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,622

Downpayment

20%

$59,640

Closing costs

1%

$2,982

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,637

Total Expenses

$3,057

Mortgage P&I

56%

$1,479

Property Taxes

8%

$208

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$396

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$659

Loading map...

Comparable Property

Rent

ADR

Beds

Baths

Distance

Conveniently Located 3BD House

$3,772

$200

3

2

0.17 mi

Two-Story Haven near the heart of Spokane

$3,715

$197

4

2

0.31 mi

4Bdrm Updated Bungalow Near Podium/Arena/Gonzaga

$2,980

$158

4

2

0.47 mi

New Private 2 bedroom guest house in the GU area

$2,244

$119

2

1

0.13 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

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis