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1295 Summer St NE, Salem, OR 97301

3 beds • 2 baths • 1479 sqft

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This property looks like a bad Airbnb investment with a projected -10.36% first-year return on $87,006 initial cash invested.

-10.36%

Cash On Cash

3.4%

Cap Rate

0.59

DSCR

$2,422

Rent

-$751

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$329k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,006

Downpayment

20%

$65,720

Closing costs

1%

$3,286

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,422

Total Expenses

$3,173

Mortgage P&I

65%

$1,584

Property Taxes

13%

$308

Home Insurance

5%

$118

HOA

0%

$0

Property Management

15%

$363

CapEx

4%

$97

Vacancy

0%

$0

Maintenance

4%

$97

Other

25%

$606

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