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16 Fenimore Blvd, Springfield, MA 01108

3 beds • 2 baths • 1860 sqft

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This property looks like a bad Airbnb investment with a projected -8.44% first-year return on $88,980 initial cash invested.

-8.44%

Cash On Cash

4.24%

Cap Rate

0.7

DSCR

$2,975

Rent

-$626

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,975 income − $3,601 expenses = $626 out of pocket

Income$2,975Out of Pocket$626Mortgage P&I$1,70057%Property Taxes$35412%Insurance$1194%Management$44615%CapEx$1194%Maintenance$1194%Other$74425%

Investment Breakdown

|

Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,980

Downpayment

20%

$67,600

Closing costs

1%

$3,380

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,975

Total Expenses

$3,601

Mortgage P&I

57%

$1,700

Property Taxes

12%

$354

Home Insurance

4%

$119

HOA

0%

$0

Property Management

15%

$446

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$744

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