REI Lense

REI Lense

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$2,402 (target)

111 Methuen St, Springfield, MA 01119

3 beds • 2 baths • 1120 sqft

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This property looks like a bad Long-Term investment with a projected -5.51% first-year return on $66,255 initial cash invested.

-5.51%

Cash On Cash

5.2%

Cap Rate

0.88

DSCR

$2,402

Rent

-$304

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$316k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,255

Downpayment

20%

$63,100

Closing costs

1%

$3,155

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,402

Total Expenses

$2,706

Mortgage P&I

65%

$1,552

Property Taxes

18%

$425

Home Insurance

4%

$105

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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