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7015 Tolmie, Olympia, WA 98516

3 beds • 2 baths • 1428 sqft

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This property looks like a bad Airbnb investment with a projected -18.61% first-year return on $124k initial cash invested.

-18.61%

Cash On Cash

1.81%

Cap Rate

0.29

DSCR

$2,460

Rent

-$1,929

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,460 income − $4,389 expenses = $1,929 out of pocket

Income$2,460Out of Pocket$1,929Mortgage P&I$2,595105%Property Taxes$39716%Insurance$1787%HOA$392%Management$36915%CapEx$984%Maintenance$984%Other$61525%

Investment Breakdown

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Purchase Price

$507k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,066

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,460

Total Expenses

$4,389

Mortgage P&I

105%

$2,595

Property Taxes

16%

$397

Home Insurance

7%

$178

HOA

2%

$39

Property Management

15%

$369

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$615

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