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2593 Honeysuckle Way NE, Salem, OR 97301

3 beds • 2 baths • 1233 sqft

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This property looks like a bad Airbnb investment with a projected -11.7% first-year return on $105k initial cash invested.

-11.7%

Cash On Cash

3.59%

Cap Rate

0.58

DSCR

$3,010

Rent

-$1,021

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,010 income − $4,031 expenses = $1,021 out of pocket

Income$3,010Out of Pocket$1,021Mortgage P&I$2,13871%Property Taxes$30210%Insurance$1475%Management$45215%CapEx$1204%Maintenance$1204%Other$75225%

Investment Breakdown

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Purchase Price

$413k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,600

Closing costs

1%

$4,130

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,010

Total Expenses

$4,031

Mortgage P&I

71%

$2,138

Property Taxes

10%

$302

Home Insurance

5%

$147

HOA

0%

$0

Property Management

15%

$452

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$752

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