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514 Creekside Dr SE, Salem, OR 97306

3 beds • 2 baths • 1787 sqft

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This property looks like a bad Airbnb investment with a projected -18.39% first-year return on $138k initial cash invested.

-18.39%

Cash On Cash

1.81%

Cap Rate

0.3

DSCR

$3,088

Rent

-$2,109

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,088 income − $5,197 expenses = $2,109 out of pocket

Income$3,088Out of Pocket$2,109Mortgage P&I$2,84492%Property Taxes$61220%Insurance$2017%HOA$572%Management$46315%CapEx$1244%Maintenance$1244%Other$77225%

Investment Breakdown

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Purchase Price

$570k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$114k

Closing costs

1%

$5,695

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,088

Total Expenses

$5,197

Mortgage P&I

92%

$2,844

Property Taxes

20%

$612

Home Insurance

7%

$201

HOA

2%

$57

Property Management

15%

$463

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$772

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