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550 Wormwood St SE, Salem, OR 97306

3 beds • 2 baths • 1582 sqft

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This property looks like a bad Airbnb investment with a projected -10.25% first-year return on $117k initial cash invested.

-10.25%

Cash On Cash

3.73%

Cap Rate

0.63

DSCR

$3,583

Rent

-$999

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,583 income − $4,582 expenses = $999 out of pocket

Income$3,583Out of Pocket$999Mortgage P&I$2,32165%Property Taxes$37610%Insurance$1665%Management$53715%CapEx$1434%Maintenance$1434%Other$89625%

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

$3,583

Total Expenses

$4,582

Mortgage P&I

65%

$2,321

Property Taxes

10%

$376

Home Insurance

5%

$166

HOA

0%

$0

Property Management

15%

$537

CapEx

4%

$143

Vacancy

0%

$0

Maintenance

4%

$143

Other

25%

$896

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