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143 Richmond Ave, Worcester, MA 01602

3 beds • 2 baths • 2031 sqft

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This property looks like a bad Airbnb investment with a projected -11.69% first-year return on $118k initial cash invested.

-11.69%

Cash On Cash

3.54%

Cap Rate

0.58

DSCR

$3,639

Rent

-$1,151

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,639 income − $4,790 expenses = $1,151 out of pocket

Income$3,639Out of Pocket$1,151Mortgage P&I$2,41166%Property Taxes$46313%Insurance$1685%Management$54615%CapEx$1464%Maintenance$1464%Other$91025%

Investment Breakdown

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Purchase Price

$477k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,380

Closing costs

1%

$4,769

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,639

Total Expenses

$4,790

Mortgage P&I

66%

$2,411

Property Taxes

13%

$463

Home Insurance

5%

$168

HOA

0%

$0

Property Management

15%

$546

CapEx

4%

$146

Vacancy

0%

$0

Maintenance

4%

$146

Other

25%

$910

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