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405 Fir Knoll Ln NE, Salem, OR 97317

4 beds • 3 baths • 1998 sqft

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This property looks like a bad Airbnb investment with a projected -12.74% first-year return on $161k initial cash invested.

-12.74%

Cash On Cash

2.99%

Cap Rate

0.51

DSCR

$3,970

Rent

-$1,704

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$650k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$161k

Downpayment

20%

$130k

Closing costs

1%

$6,500

Rehab

0%

$0

Furnishing

4%

$24,000

Cashflow

Total Income

$3,970

Total Expenses

$5,674

Mortgage P&I

80%

$3,162

Property Taxes

10%

$378

Home Insurance

6%

$228

HOA

0%

$0

Property Management

15%

$596

CapEx

4%

$159

Vacancy

0%

$0

Maintenance

4%

$159

Other

25%

$992

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Comparable Property

Rent

ADR

Beds

Baths

Distance

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4

2

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3

2

0.45 mi

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4

2

1.3 mi

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2

1

0.9 mi

2022 S American St

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5

4

0.6 mi

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2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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