REI Lense

REI Lense

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$2,405 (target)

137 Belvidere St, Springfield, MA 01108

3 beds • 2 baths • 1710 sqft

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This property looks like a bad Long-Term investment with a projected -6.47% first-year return on $68,061 initial cash invested.

-6.47%

Cash On Cash

5.22%

Cap Rate

0.85

DSCR

$2,405

Rent

-$367

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,405 income − $2,772 expenses = $367 out of pocket

Income$2,405Out of Pocket$367Mortgage P&I$1,65769%Property Taxes$38016%Insurance$1115%Management$24010%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$324k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,061

Downpayment

20%

$64,820

Closing costs

1%

$3,241

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,405

Total Expenses

$2,772

Mortgage P&I

69%

$1,657

Property Taxes

16%

$380

Home Insurance

5%

$111

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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