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10752 Interlake Ave N, Seattle, WA 98133, USA
Priced too high to cash-flow with a loan — an equity or tax play, not income.
Investment potential
Your scenario · adjust the levers below or open advanced settings to see how returns change
$56,629
$4,719/mo · at 65% occupancy & $328/night
-$7,560
-$630/mo after costs & mortgage
Cap rate
4.8%
Cash-on-cash
-4.2%
DSCR
0.79
Confidence
Your assumptions
Revenue
$56,629/yr
Market avg: $56,629/yr · 65% occ · $328 ADR
Financing
$36,705/yr
Operating costs
$27,484/yr
How this property compares to similar short-term rentals nearby.
Comparable set · 48 properties
$179–$453
Median $328
33%–94%
Median 65%
$31.7K–$132.5K
Median $50.6K
155–365
Median 293
This property · $56.6K
Comparable properties (48)
Cash flow potential Low · Appreciation potential Medium
338 days available · 319 days booked ·
313 days available · 227 days booked ·
248 days available · 223 days booked ·
281 days available · 233 days booked ·
291 days available · 253 days booked ·
317 days available · 229 days booked ·
365 days available · 220 days booked ·
365 days available · 237 days booked ·
330 days available · 177 days booked ·
365 days available · 243 days booked ·
253 days available · 194 days booked ·
295 days available · 179 days booked ·
219 days available · 170 days booked ·
343 days available · 219 days booked ·
318 days available · 158 days booked ·
299 days available · 189 days booked ·
223 days available · 174 days booked ·
338 days available · 166 days booked ·
344 days available · 162 days booked ·
294 days available · 169 days booked ·
299 days available · 174 days booked ·
334 days available · 253 days booked ·
322 days available · 203 days booked ·
328 days available · 228 days booked ·
272 days available · 148 days booked ·
233 days available · 140 days booked ·
262 days available · 149 days booked ·
239 days available · 147 days booked ·
314 days available · 231 days booked ·
321 days available · 153 days booked ·
297 days available · 142 days booked ·
254 days available · 150 days booked ·
255 days available · 130 days booked ·
257 days available · 147 days booked ·
304 days available · 166 days booked ·
218 days available · 137 days booked ·
291 days available · 242 days booked ·
312 days available · 146 days booked ·
155 days available · 123 days booked ·
256 days available · 157 days booked ·
280 days available · 117 days booked ·
288 days available · 154 days booked ·
265 days available · 168 days booked ·
204 days available · 131 days booked ·
207 days available · 124 days booked ·
214 days available · 110 days booked ·
299 days available · 160 days booked ·
258 days available · 125 days booked ·
Revenue and occupancy reflect Chalet's modeled estimates from observed booking activity for comparable active listings. Individual results vary with management, seasonality, and pricing.
Who this property is for
The same property is a great buy for one investor and a trap for another. Here's the honest read.
1031 / high-equity buyer
~$151.4K
Year-1 tax shield
Buying with cash or low leverage removes the debt-coverage problem entirely, so the thesis rests on appreciation plus a large first-year write-off. At roughly 25% of purchase price, the shield is substantial enough to carry the deal on its own.
Price-disciplined buyer
$486.7K
Break-even purchase price
Break-even is ~21% below the Zestimate, a discount sellers in Seattle rarely accept. Treat the number as a walk-away line rather than an opening offer.
DSCR cash-flow buyer
0.79
DSCR at asking
At asking price the property doesn't cover its own debt service, so it won't qualify for DSCR financing as modeled. If you need cash flow from day one, look at a mid-term-rental fallback or a different Seattle submarket.
For a buyer who materially participates and qualifies for the STR tax treatment.
$151.4K
Estimated first-year deduction · range $125.7K–$172.6K
Why this matters here
At a marginal bracket, this deduction can be worth $46.5K–$63.9K in estimated federal tax saved.
This only applies if you meet the IRS material-participation tests for short-term rentals and are not using a full-service property manager.
Estimate, subject to CPA review. Cost-segregation percentages shown here are illustrative and depend on an actual study of the property.
Some states do not conform to federal bonus depreciation, so your state may not allow the same first-year treatment shown above.
Chalet can introduce a cost-segregation partner — this is not tax, legal, or financial advice.
How cash-on-cash return moves with purchase price. The marked line is break-even (1.0 DSCR).
At this price: cash-on-cash -4.2%, DSCR 0.79, cash flow -$7,560/yr
| Price vs asking | Price | Cash-on-cash | DSCR | Band |
|---|---|---|---|---|
| -25% | $459,750 | 1.2% | 1.06 | Positive |
| -22% | $478,140 | 0.4% | 1.02 | At break-even |
| -15% | $521,050 | -1.3% | 0.93 | Below break-even |
| -8% | $563,960 | -2.8% | 0.86 | Below break-even |
| Asking | $613,000 | -4.2% | 0.79 | Below break-even |
| +8% | $662,040 | -5.5% | 0.74 | Below break-even |
| +15% | $704,950 | -6.4% | 0.69 | Below break-even |
Break-even price
$486,741
~21% under Zestimate. Where this property reaches 1.0 DSCR and neutral cash flow.
Discount needed
−$126,259
The gap between asking and the price a cash-flow buyer can underwrite.
If refi to 5.5% in 24 mo
+$5,380/yr
Illustrative cash-flow improvement at asking price if rates fall. Planning figure, not a forecast.
Annual avg $4,719 · peaks at $5,724 in Apr
Annual avg 63% · peaks at 82% in Aug
−$630/mo after all expenses
Cash to close
Down payment, closing costs, and furnishing
$177,770
Return on cash:13%
DSCR below 1.0 — but you can still qualify
Your DSCR is 0.79 · lenders typically require 1.0+.
Get matched with 2–3 vetted STR lenders, free.
What the deal returns over the hold — including the tax shield, which is the whole point for an appreciation buyer.
Levered IRR
15.2%
over 5-yr hold, with tax shield
Equity multiple
1.9×
total proceeds vs. $177,770 invested
Projected value at exit
$782,361
year 5 · 5.0% annual appreciation
Tax shield contribution
+6.7 pts
of IRR comes from year-1 depreciation
| Year | Equity | Appreciation | Cumulative cash flow | Total value |
|---|---|---|---|---|
| Year 1 | $157,920 | $30,650 | $48,462 | $237,032 |
| Year 2 | $162,928 | $62,833 | $41,752 | $267,512 |
| Year 3 | $168,298 | $96,624 | $35,903 | $300,825 |
| Year 4 | $174,056 | $132,105 | $30,930 | $337,091 |
| Year 5 | $180,230 | $169,361 | $26,845 | $376,435 |
Projection, not a promise.
Assumes 5.0% annual appreciation, 1.5% rent growth (operating costs held flat), and that the property qualifies for short-term-rental tax treatment. The year-1 depreciation shield depends on a real cost-segregation study and your tax situation — consult a CPA.
Appreciation is the dominant driver of this return. When cash flow is negative, the deal depends on the property gaining value — it is not paying for itself from income.
Appreciation, rent growth, and financing rates are editable under Edit financials.
STR deals turn on local rules and demand that a generalist agent misses. Chalet matches you with a vetted Seattle agent who knows which properties actually cash flow — and which to avoid.
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This analysis is generated by Chalet's Airbnb Calculator
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Real Estate Investment Analysis & Market Insights
Disclaimer
This page and the data presented are for informational purposes only. The information provided should not be construed as financial, legal, or investment advice. Market conditions can change rapidly, and past performance does not guarantee future results. Always consult with qualified professionals before making investment decisions.
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