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$2,301 (target)

605 E Chance A La Mer NE, Ocean Shores, WA 98569

3 beds • 2 baths • 1576 sqft

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This property looks like a bad Long-Term investment with a projected -13.14% first-year return on $104k initial cash invested.

-13.14%

Cash On Cash

3.4%

Cap Rate

0.58

DSCR

$2,301

Rent

-$1,137

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,301 income − $3,438 expenses = $1,137 out of pocket

Income$2,301Out of Pocket$1,137Mortgage P&I$2,422105%Property Taxes$22810%Insurance$1758%HOA$151%Management$23010%CapEx$1155%Vacancy$1386%Maintenance$1155%

Investment Breakdown

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Purchase Price

$494k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$98,860

Closing costs

1%

$4,943

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,301

Total Expenses

$3,438

Mortgage P&I

105%

$2,422

Property Taxes

10%

$228

Home Insurance

8%

$175

HOA

1%

$15

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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