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2370 Cottage St SE, Salem, OR 97302

3 beds • 2 baths • 1568 sqft

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This property looks like a bad Airbnb investment with a projected -13.14% first-year return on $110k initial cash invested.

-13.14%

Cash On Cash

3.16%

Cap Rate

0.51

DSCR

$2,842

Rent

-$1,206

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,842 income − $4,048 expenses = $1,206 out of pocket

Income$2,842Out of Pocket$1,206Mortgage P&I$2,24879%Property Taxes$27810%Insurance$1586%Management$42615%CapEx$1144%Maintenance$1144%Other$71025%

Investment Breakdown

|

Purchase Price

$439k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,780

Closing costs

1%

$4,389

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,842

Total Expenses

$4,048

Mortgage P&I

79%

$2,248

Property Taxes

10%

$278

Home Insurance

6%

$158

HOA

0%

$0

Property Management

15%

$426

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$710

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