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3062 Glendale Ave NE, Salem, OR 97301

3 beds • 2 baths • 1160 sqft

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This property looks like a bad Airbnb investment with a projected -8.49% first-year return on $96,519 initial cash invested.

-8.49%

Cash On Cash

4.11%

Cap Rate

0.7

DSCR

$3,057

Rent

-$683

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,057 income − $3,740 expenses = $683 out of pocket

Income$3,057Out of Pocket$683Mortgage P&I$1,84160%Property Taxes$30110%Insurance$1314%Management$45915%CapEx$1224%Maintenance$1224%Other$76425%

Investment Breakdown

|

Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,519

Downpayment

20%

$74,780

Closing costs

1%

$3,739

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,057

Total Expenses

$3,740

Mortgage P&I

60%

$1,841

Property Taxes

10%

$301

Home Insurance

4%

$131

HOA

0%

$0

Property Management

15%

$459

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$764

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