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1100 38th Ave SE, Albany, OR 97322

3 beds • 2 baths • 1316 sqft

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This property looks like a bad Airbnb investment with a projected -10.01% first-year return on $103k initial cash invested.

-10.01%

Cash On Cash

3.59%

Cap Rate

0.62

DSCR

$3,034

Rent

-$856

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,034 income − $3,890 expenses = $856 out of pocket

Income$3,034Out of Pocket$856Mortgage P&I$1,93964%Property Taxes$35612%Insurance$1405%Management$45515%CapEx$1214%Maintenance$1214%Other$75825%

Investment Breakdown

|

Purchase Price

$403k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,580

Closing costs

1%

$4,029

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,034

Total Expenses

$3,890

Mortgage P&I

64%

$1,939

Property Taxes

12%

$356

Home Insurance

5%

$140

HOA

0%

$0

Property Management

15%

$455

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$758

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