BNBCalc Short Term Rental Investment Analysis 581 Riverview Dr NW, Salem, OR, 97304

2 bed • 2 bath • 6 guests • $200,000

BNB

Calc

Annual Revenue

$48,687

Profit (Cash Flow)

$26,698

Cap Rate

14.3%

Annual Revenue

$48,687

AirDNA projects $119/night at 56% occupancy ($24,339). Airbtics projects $138/night at 69% occupancy ($34,778). Airbtics predicts this property will perform in the 46% revenue percentile

BNB Calc projects a 86% occupancy rate, $155 rate per night.

Revenue Percentile (property's earnings compare to others in the market}

Percentiles	25%	50%	75%	90%
Revenue	$23,075	$33,830	$50,252	$68,945
Occupancy	57%	69%	86%	92%
Nightly Rate	$108	$130	$155	$199

Seasonality (Profit by Month)

Airbnb Comparables

Airbnb name	Revenue	Rate/night	Occupancy	Beds	Baths	Night	Cleaning	Pool	Tub	Pets	W/D	Reviews
Beautiful 1940s Fairmount Hills Bungalow in Salem	$31,548	$144	58%	2	1	2	$70	❌	❌	❌	Y / Y	⭐️ 4.8 (73)
TIGER STATION LOFTS Apt B Hosted by Salemstays.com	$32,479	$164	53%	2	1	2	$75	❌	❌	✅	Y / Y	⭐️ 4.8 (31)
City Center New York Style Loft by Salemstays.com	$40,038	$182	59%	2	1	2	$95	❌	❌	❌	Y / Y	⭐️ 5 (48)
Large 2 Bedroom 1 Bath Condo with a Creek View	$30,222	$84	92%	2	1	1	$57	❌	❌	✅	Y / Y	⭐️ 4.8 (296)
Brand New Custom Built Cottage in Downtown w/Pool!	$32,578	$95	88%	2	1	1	$90	✅	❌	❌	Y / Y	⭐️ 4.9 (75)
Cozy Creek Cottage with lush backyard.	$31,348	$90	92%	2	1	2	$80	❌	❌	✅	Y / Y	⭐️ 4.8 (156)
The "Heart of Downtown Living" by Salemstays.com	$26,647	$154	46%	2	1	2	$65	❌	❌	❌	Y / Y	⭐️ 4.9 (78)
Cheerful 2 Bedroom home in a quiet neighborhood	$34,283	$118	78%	2	1	3	$59	❌	❌	❌	Y / Y	⭐️ 4.8 (70)
Central Salem- Cozy cottage close to downtown	$23,372	$108	55%	2	1	2	$100	❌	❌	❌	Y / Y	⭐️ 4.8 (89)
Upstairs 2 Bed 1 Bath Condo with Creek View!	$33,504	$97	90%	2	1	1	$57	❌	❌	✅	Y / Y	⭐️ 4.8 (135)
1950's Charm-Great for long-term/contract/RN/profs	$51,584	$162	87%	2	1	5	$0	❌	❌	❌	Y / Y	⭐️ 4.9 (90)
The 3 Oaks @ 1133 17th SE Salem by Salemstays.com	$22,122	$151	39%	2	1	2	$65	❌	❌	❌	Y / Y	⭐️ 4.8 (22)
Vineyard House - Warm, Cozy & Modern	$62,757	$236	71%	2	1	1	$65	❌	❌	❌	Y / Y	⭐️ 5 (249)
1390 Birchwood Glen Townhome	$27,238	$154	47%	2	1	2	$95	❌	❌	❌	Y / Y	⭐️ 4.8 (66)
New home close to the Capitol and downtown	$53,966	$235	62%	2	1	3	$80	❌	❌	❌	Y / Y	⭐️ 4.9 (39)
TIGER STATION LOFT Apt. A Hosted by Salemstays.com	$32,713	$152	58%	2	1	2	$65	❌	❌	✅	Y / Y	⭐️ 4.8 (43)
LARGE Upstairs 2 Bed 2 Bath condo Creek View!	$28,030	$79	93%	2	2	1	$57	❌	❌	✅	Y / Y	⭐️ 4.8 (319)
Charming Third Story Suite w/ Separate Entrance	$22,401	$109	54%	2	1	1	$30	❌	❌	❌	N / Y	⭐️ 4.9 (400)
Creekside View - Large 2 Bedroom 2 Bath Condo	$34,581	$106	85%	2	2	1	$57	❌	❌	✅	Y / Y	⭐️ 4.8 (306)
Capitol Cabin! Designer Home w/ Soaring Windows	$35,555	$148	62%	2	2	2	$115	❌	❌	❌	Y / Y	⭐️ 5 (98)
Monthly Downtown Salem Loft unit 227, two bedroom	$29,071	$109	72%	2	1	14	$95	❌	❌	❌	Y / Y	⭐️ 4.8 (7)
Sweet Quiet 2 Bedroom Duplex	$45,337	$137	88%	2	2	2	$125	❌	❌	✅	Y / Y	⭐️ 5 (60)
The 3 Oaks @ 1123 17th SE Salem by Salemstays.com	$34,818	$151	62%	2	1	2	$65	❌	❌	❌	Y / Y	⭐️ 5 (21)
Willamette River Guesthouse	$44,470	$209	56%	2	2	2	$150	❌	❌	❌	Y / Y	⭐️ 5 (138)
Bright & Renovated 2 BR Private unit w/King Bed	$37,332	$136	75%	2	1	10	$199	❌	❌	✅	N / Y	⭐️ 4.9 (12)
Quaint House in the Hills	$51,935	$165	86%	2	1	2	$0	❌	❌	❌	Y / Y	⭐️ 5 (19)
Historic Home Near Downtown Salem: Walk to Capitol	$69,442	$198	93%	2	2	2	$155	❌	❌	✅	Y / Y	⭐️ 5 (22)
Unit B Manor House (month to month)	$22,891	$106	59%	2	1	29	$120	❌	❌	✅	Y / Y	⭐️ 4.8 (7)
Fully remodeled, New everything!	$40,063	$125	83%	2	1	2	$125	❌	❌	✅	Y / Y	⭐️ 4.8 (10)
Unit C at the Manor House (month to month)	$30,744	$112	75%	2	1	29	$125	❌	❌	✅	Y / Y	⭐️ 4.8 (6)
fully furnished 2 bedroom unit available	$30,744	$105	80%	2	1	7	$0	❌	❌	✅	Y / Y	⭐️ 0 (1)
Stylish Salem Speakeasy Downtown	$32,027	$118	67%	2	2	2	$129	❌	❌	✅	Y / Y	⭐️ 4.8 (27)
Salem Vacation Rental w/ Yard ~ 3 Mi to Downtown	$29,081	$137	58%	2	1	30	$181	❌	❌	✅	Y / Y	⭐️ 0 (1)
Monthly Downtown Salem Loft Apt. by Salemstays.com	$30,418	$108	76%	2	1	14	$95	❌	❌	❌	Y / Y	⭐️ 5 (4)
RVretreat	$16,531	$120	30%	2	1	2	$100	❌	❌	✅	N / N	⭐️ 0 (0)
Cozy Basement: 1bedroom + Studio & Office in Salem	$19,679	$112	48%	2	1	30	$0	❌	❌	✅	Y / Y	⭐️ 0 (0)
Apartment in Historic District Near Hospital-Mid	$35,630	$111	86%	2	1	1	$100	❌	❌	❌	Y / Y	⭐️ 5 (9)
By Willamette University, 2beds, 2bathroom House!	$49,693	$242	54%	2	2	2	$100	❌	❌	✅	Y / Y	⭐️ 5 (12)
Clean \| Long Stays \| W/D in Unit \| Keyless Entry	$27,709	$113	67%	2	1	30	$0	❌	❌	❌	Y / Y	⭐️ 5 (3)
Quaint Central 2bdrm/1bath Home	$56,694	$161	95%	2	1	2	$90	❌	❌	❌	Y / Y	⭐️ 5 (18)

Return Metrics

50.85% cash on cash return is a excellent return over the next 1 year

Investment Value Over Time

	Y1	Y2	Y3	Y4	Y5	Y10	Y30
Profit (Cummulative)	$26,697	$53,395	$80,093	$106,790	$133,488	$266,977	$800,931
Revenue Appreciation	$0	$0	$0	$0	$0	$0	$0
Home Equity	$160,000	$160,000	$160,000	$160,000	$160,000	$160,000	$160,000
Down Payment	$40,000	$40,000	$40,000	$40,000	$40,000	$40,000	$40,000
Property Appreciation	$6,000	$12,180	$18,545	$25,101	$31,854	$68,783	$285,452
Total Return	$232,697	$265,575	$298,638	$331,892	$365,343	$535,760	$1,286,383

Property Appreciation:

Revenue Appreciation:

Cash on Cash Return

50.85%

Cap Rate

14.33%

Return on Investment

66.02%

581 Riverview Dr NW Salem, Oregon, 97304

2 bed • 2 bath • 6 guests

Purchase Price

Est. $959/mo

Inquire about this property

Contact Agent

$367,200

Zestimate

Salem

Zoning

Laws

223

Airbnb Investor Score

$15,186

Annual Profit

14.3%

Cap Rate

50.9%

Cash on Cash

$48,687

Annual Revenue

BNBCalc predicts this property will get $138 per night with 69% occupancy, putting it in the top 46% revenue percentile compared to similar properties nearby.

Occupancy Rate

Top 26% of comparables

Avg Daily Rate

Top 28% of comparables

Seasonality

40 Airbnb Comparables

Adjust the filters to identify similar listings to yours. Then adjust your annual revenue estimate accordingly.

$35,531

Avg annual revenue

69%

Avg occupancy rate

$138

Avg nightly rate

🏊‍♂️ Pool

🛁 Hot tub

🐶 Pet friendly

Any type

House

Apartment

Any min stay

Weekly min

Monthly min

4.8+ stars

Revenue per year

$15k

$35k

$50k

$70k

$26,698

Profit

Revenue

$48,687

Operating Expenses

$20,009

Operating Income

$28,678

Mortgage & Taxes

$1,980

Profit (Cash Flow)

$26,698

$46,500

Cash Investment

Down Payment

$40,000

Renos & Furnishing

$6,500

Total

$46,500

Investment Value Over Time

Property Appreciation

Revenue Appreciation

Cash on Cash Return

50.85%

Cap Rate

14.33%

Return on Investment

66.02%

STR Tax Calculator (USA)

On purchasing a large business asset, you can subtract the depreciation value from your taxable income in order to pay less income tax. Use this calculator to find out how much you can save. Read tax guide.

Your current annual income

Your income tax rate

Taxes paid on $150,000

$45,000

If you buy this investment property, your est deduction will be...

Deductible mortgage interest

$9,492

Deductible property tax

$1,980

Your total deduction

$5,524

Your adjusted annual income

$150,000 - $5,524 = $144,476

Taxes on $144,476 (30%)

$43,343

Your old tax bill

$45,000

Your new tax bill

$43,343

Estimated tax savings

$1,657

Maximize the depreciation value on your tax returns. Get $50 off cost segregation reports with code BNBCALC at DIYCostSeg.com

Property Overview

View property info, current ownership, recently sold comps, school zone ratings, area rents, and more.

Lot size:

8,276 sqft

Year built:

1961

Size:

1,430 sqft

Type:

SINGLE_FAMILY

Parking:

Heating:

Heat pump, Electric, Wood / Pellet

Sold Comparables

Property Details

MLS Status: N/A

Property Use: SINGLE_FAMILY

Stories: -

Lot size: 8,276 sqft

Building area: 1,430 sqft

Garage: No

Heating: Heat pump, electric, wood / pellet

Pool: No

Fireplaces: -

Basement: No

Cooling: Evaporative

View: None

Parking: Garage - Attached

Amenities: Dishwasher, Dryer, Garbage disposal, Range / Oven, Refrigerator, Washer

Price per square foot: -

Lot Info

Zoning: -

Land Use: -

Parcel Number: 313753

Flood Zone: No

Tax Info

Year Assessed: 2023

Assessed Value: $334,530

County Est. Land Value: -

Assessed Land Value: -

County Est. Structure Value: -

Market Estimate: $367,200

Schools

Middle School: Walker Middle School with 4/10 star rating
High School: West Salem High School with 8/10 star rating