Off-Market Property at 1180 Elm St, Salem, OR 97304
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1180 Elm St, Salem, OR 97304

$189,000

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $96 per day and long-term for an average of $1,205 per month, based on similar listings in the area. Estimated short-term cap rate of 6.5%. Estimated long-term cap rate of 0.6%. Welcome to 1180 Elm Street NW! This charming cottage sits on a spacious lot, offering endless possibilities. The home features a beautifully updated kitchen, a comfortable bedroom, and generous living space. Gated parking provides security and convenience with plenty of room for additional vehicles. Whether you're looking to move in, rent out, or reimagine this space, this property is full of potential. Investors, bring your ideas-opportunity awaits!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$0
Rental Policy
daily
Yearly Taxes
$1342
Bedrooms
1
Bathrooms
1
SQFT
515
Furnished
N/A
Year built
1930
Listing Status
Off Market
MLS
308461982

Short-term Rental Potential
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$25,608

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$366

Price/SQFT

Long-term Rental Potential
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$14,460

Revenue
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Profit
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Cap rate
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Cash on Cash
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$1,205/mo

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