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1015 Cunningham Ln S, Salem, OR 97302

3 beds • 2 baths • 1533 sqft

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This property looks like a bad Airbnb investment with a projected -15.68% first-year return on $115k initial cash invested.

-15.68%

Cash On Cash

2.42%

Cap Rate

0.4

DSCR

$2,646

Rent

-$1,497

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,646 income − $4,143 expenses = $1,497 out of pocket

Income$2,646Out of Pocket$1,497Mortgage P&I$2,31888%Property Taxes$39315%Insurance$1616%Management$39715%CapEx$1064%Maintenance$1064%Other$66225%

Investment Breakdown

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Purchase Price

$460k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$91,980

Closing costs

1%

$4,599

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,646

Total Expenses

$4,143

Mortgage P&I

88%

$2,318

Property Taxes

15%

$393

Home Insurance

6%

$161

HOA

0%

$0

Property Management

15%

$397

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$662

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