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8409 24th Avenue NW, Gig Harbor, WA 98332

3 beds • 3 baths • 2428 sqft

$2,139,800

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This property looks like a bad Airbnb investment with a projected -23.56% first-year return on $467k initial cash invested.

-23.56%

Cash On Cash

1.01%

Cap Rate

0.17

DSCR

$5,732

Rent

-$9,176

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,732 income − $14,908 expenses = $9,176 out of pocket

Income$5,732Out of Pocket$9,176Mortgage P&I$10,748188%Property Taxes$63011%Insurance$77914%Management$86015%CapEx$2294%Maintenance$2294%Other$1,43325%

Investment Breakdown

|

Purchase Price

$2140k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$467k

Downpayment

20%

$428k

Closing costs

1%

$21,398

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$5,732

Total Expenses

$14,908

Mortgage P&I

188%

$10,748

Property Taxes

11%

$630

Home Insurance

14%

$779

HOA

0%

$0

Property Management

15%

$860

CapEx

4%

$229

Vacancy

0%

$0

Maintenance

4%

$229

Other

25%

$1,433

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