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120 Mill St, Springfield, MA 01108

3 beds • 2 baths • 5193 sqft

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This property looks like a bad Airbnb investment with a projected -18.95% first-year return on $134k initial cash invested.

-18.95%

Cash On Cash

1.46%

Cap Rate

0.25

DSCR

$2,578

Rent

-$2,108

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,578 income − $4,686 expenses = $2,108 out of pocket

Income$2,578Out of Pocket$2,108Mortgage P&I$2,675104%Property Taxes$58223%Insurance$1927%Management$38715%CapEx$1034%Maintenance$1034%Other$64425%

Investment Breakdown

|

Purchase Price

$550k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$110k

Closing costs

1%

$5,500

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,578

Total Expenses

$4,686

Mortgage P&I

104%

$2,675

Property Taxes

23%

$582

Home Insurance

7%

$192

HOA

0%

$0

Property Management

15%

$387

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$644

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