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608 School Street SE, Lacey, WA 98503

3 beds • 2 baths • 2446 sqft

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This property looks like a bad Airbnb investment with a projected -11.88% first-year return on $130k initial cash invested.

-11.88%

Cash On Cash

3.57%

Cap Rate

0.58

DSCR

$3,615

Rent

-$1,290

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,615 income − $4,905 expenses = $1,290 out of pocket

Income$3,615Out of Pocket$1,290Mortgage P&I$2,73776%Property Taxes$2457%Insurance$1875%Management$54215%CapEx$1454%Maintenance$1454%Other$90425%

Investment Breakdown

|

Purchase Price

$535k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$130k

Downpayment

20%

$107k

Closing costs

1%

$5,350

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,615

Total Expenses

$4,905

Mortgage P&I

76%

$2,737

Property Taxes

7%

$245

Home Insurance

5%

$187

HOA

0%

$0

Property Management

15%

$542

CapEx

4%

$145

Vacancy

0%

$0

Maintenance

4%

$145

Other

25%

$904

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