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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 -11.05% first-year return on $96,519 initial cash invested.

-11.05%

Cash On Cash

3.4%

Cap Rate

0.58

DSCR

$2,664

Rent

-$889

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,664 income − $3,553 expenses = $889 out of pocket

Income$2,664Out of Pocket$889Mortgage P&I$1,84169%Property Taxes$30111%Insurance$1315%Management$40015%CapEx$1074%Maintenance$1074%Other$66625%

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

$2,664

Total Expenses

$3,553

Mortgage P&I

69%

$1,841

Property Taxes

11%

$301

Home Insurance

5%

$131

HOA

0%

$0

Property Management

15%

$400

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$666

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