REI Lense

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$2,410 (target)

8224 Mullen Road SE, Olympia, WA 98503

3 beds • 3 baths • 2015 sqft

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This property looks like a bad Long-Term investment with a projected -19.24% first-year return on $144k initial cash invested.

-19.24%

Cash On Cash

2.08%

Cap Rate

0.35

DSCR

$2,410

Rent

-$2,314

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,410 income − $4,724 expenses = $2,314 out of pocket

Income$2,410Out of Pocket$2,314Mortgage P&I$3,385140%Property Taxes$46819%Insurance$24510%Management$24110%CapEx$1205%Vacancy$1456%Maintenance$1205%

Investment Breakdown

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Purchase Price

$687k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$137k

Closing costs

1%

$6,872

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,410

Total Expenses

$4,724

Mortgage P&I

140%

$3,385

Property Taxes

19%

$468

Home Insurance

10%

$245

HOA

0%

$0

Property Management

10%

$241

CapEx

5%

$120

Vacancy

6%

$145

Maintenance

5%

$120

Other

0%

$0

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