REI Lense

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$6,022 (target)

16 Central St, Wakefield, MA 01880

3 beds • 2 baths • 1465 sqft

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This property looks like a bad Mid-Term investment with a projected -6.14% first-year return on $178k initial cash invested.

-6.14%

Cash On Cash

5.11%

Cap Rate

0.83

DSCR

$6,022

Rent

-$909

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,022 income − $6,931 expenses = $909 out of pocket

Income$6,022Out of Pocket$909Mortgage P&I$3,90565%Property Taxes$71212%Insurance$2664%Management$72312%CapEx$2414%Vacancy$1813%Maintenance$2414%Other$66211%

Investment Breakdown

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Purchase Price

$760k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$178k

Downpayment

20%

$152k

Closing costs

1%

$7,599

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,022

Total Expenses

$6,931

Mortgage P&I

65%

$3,905

Property Taxes

12%

$712

Home Insurance

4%

$266

HOA

0%

$0

Property Management

12%

$723

CapEx

4%

$241

Vacancy

3%

$181

Maintenance

4%

$241

Other

11%

$662

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