REI Lense

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$2,439 (target)

409 Snahapish Avenue SE, Ocean Shores, WA 98569

3 beds • 2 baths • 1635 sqft

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This property looks like a bad Long-Term investment with a projected -11.8% first-year return on $96,390 initial cash invested.

-11.8%

Cash On Cash

3.98%

Cap Rate

0.65

DSCR

$2,439

Rent

-$948

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,439 income − $3,387 expenses = $948 out of pocket

Income$2,439Out of Pocket$948Mortgage P&I$2,34996%Property Taxes$2259%Insurance$1617%HOA$181%Management$24410%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

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Purchase Price

$459k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,390

Downpayment

20%

$91,800

Closing costs

1%

$4,590

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,439

Total Expenses

$3,387

Mortgage P&I

96%

$2,349

Property Taxes

9%

$225

Home Insurance

7%

$161

HOA

1%

$18

Property Management

10%

$244

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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