REI Lense

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$3,212 (target)

516 Canal Drive SE, Ocean Shores, WA 98569

3 beds • 2 baths • 1618 sqft

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This property looks like a bad Mid-Term investment with a projected -2.27% first-year return on $95,826 initial cash invested.

-2.27%

Cash On Cash

6.47%

Cap Rate

0.97

DSCR

$3,212

Rent

-$181

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,212 income − $3,393 expenses = $181 out of pocket

Income$3,212Out of Pocket$181Mortgage P&I$2,05264%Property Taxes$1204%Insurance$1314%Management$38512%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35311%

Investment Breakdown

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Purchase Price

$371k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,826

Downpayment

20%

$74,120

Closing costs

1%

$3,706

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,212

Total Expenses

$3,393

Mortgage P&I

64%

$2,052

Property Taxes

4%

$120

Home Insurance

4%

$131

HOA

0%

$0

Property Management

12%

$385

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$353

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