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1987 Cunningham Ln S, Salem, OR 97302

3 beds • 3 baths • 2177 sqft

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This property looks like a bad Airbnb investment with a projected -20.79% first-year return on $149k initial cash invested.

-20.79%

Cash On Cash

1.25%

Cap Rate

0.21

DSCR

$2,832

Rent

-$2,585

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,832 income − $5,417 expenses = $2,585 out of pocket

Income$2,832Out of Pocket$2,585Mortgage P&I$3,121110%Property Taxes$71825%Insurance$2198%Management$42515%CapEx$1134%Maintenance$1134%Other$70825%

Investment Breakdown

|

Purchase Price

$625k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$125k

Closing costs

1%

$6,249

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,832

Total Expenses

$5,417

Mortgage P&I

110%

$3,121

Property Taxes

25%

$718

Home Insurance

8%

$219

HOA

0%

$0

Property Management

15%

$425

CapEx

4%

$113

Vacancy

0%

$0

Maintenance

4%

$113

Other

25%

$708

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