REI Lense

REI Lense

Unlock all features! Tap here to upgrade

550 Wormwood St SE, Salem, OR 97306

3 beds • 2 baths • 1582 sqft

Email

This property looks like a bad Airbnb investment with a projected -10.33% first-year return on $117k initial cash invested.

-10.33%

Cash On Cash

3.71%

Cap Rate

0.63

DSCR

$3,569

Rent

-$1,007

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,569 income − $4,576 expenses = $1,007 out of pocket

Income$3,569Out of Pocket$1,007Mortgage P&I$2,32165%Property Taxes$37611%Insurance$1665%Management$53515%CapEx$1434%Maintenance$1434%Other$89225%

Investment Breakdown

|

Purchase Price

$471k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,280

Closing costs

1%

$4,714

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,569

Total Expenses

$4,576

Mortgage P&I

65%

$2,321

Property Taxes

11%

$376

Home Insurance

5%

$166

HOA

0%

$0

Property Management

15%

$535

CapEx

4%

$143

Vacancy

0%

$0

Maintenance

4%

$143

Other

25%

$892

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis