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124 Wedgewood Rd, Worcester, MA 01602

3 beds • 2 baths • 1776 sqft

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This property looks like a bad Airbnb investment with a projected -12.07% first-year return on $121k initial cash invested.

-12.07%

Cash On Cash

3.23%

Cap Rate

0.55

DSCR

$3,432

Rent

-$1,214

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,432 income − $4,646 expenses = $1,214 out of pocket

Income$3,432Out of Pocket$1,214Mortgage P&I$2,39370%Property Taxes$43413%Insurance$1725%Management$51515%CapEx$1374%Maintenance$1374%Other$85825%

Investment Breakdown

|

Purchase Price

$489k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$97,820

Closing costs

1%

$4,891

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,432

Total Expenses

$4,646

Mortgage P&I

70%

$2,393

Property Taxes

13%

$434

Home Insurance

5%

$172

HOA

0%

$0

Property Management

15%

$515

CapEx

4%

$137

Vacancy

0%

$0

Maintenance

4%

$137

Other

25%

$858

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