REI Lense

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$2,660 (target)

674 Chinook Avenue SE, Ocean Shores, WA 98569

3 beds • 2 baths • 1848 sqft

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This property looks like a bad Long-Term investment with a projected -14.49% first-year return on $106k initial cash invested.

-14.49%

Cash On Cash

3.83%

Cap Rate

0.58

DSCR

$2,660

Rent

-$1,283

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,660 income − $3,943 expenses = $1,283 out of pocket

Income$2,660Out of Pocket$1,283Mortgage P&I$2,765104%Property Taxes$30211%Insurance$1847%Management$26610%CapEx$1335%Vacancy$1606%Maintenance$1335%

Investment Breakdown

|

Purchase Price

$506k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$101k

Closing costs

1%

$5,059

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,660

Total Expenses

$3,943

Mortgage P&I

104%

$2,765

Property Taxes

11%

$302

Home Insurance

7%

$184

HOA

0%

$0

Property Management

10%

$266

CapEx

5%

$133

Vacancy

6%

$160

Maintenance

5%

$133

Other

0%

$0

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