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1423 Grantham Ln SE, Salem, OR 97302

3 beds • 3 baths • 2086 sqft

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This property looks like a bad Airbnb investment with a projected -16.4% first-year return on $147k initial cash invested.

-16.4%

Cash On Cash

2.25%

Cap Rate

0.38

DSCR

$3,598

Rent

-$2,007

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$614k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$147k

Downpayment

20%

$123k

Closing costs

1%

$6,135

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,598

Total Expenses

$5,605

Mortgage P&I

84%

$3,014

Property Taxes

16%

$563

Home Insurance

6%

$215

HOA

2%

$85

Property Management

15%

$540

CapEx

4%

$144

Vacancy

0%

$0

Maintenance

4%

$144

Other

25%

$900

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