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18 Palisades St, Worcester, MA 01604

3 beds • 2 baths • 2015 sqft

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This property looks like a bad Airbnb investment with a projected -12.22% first-year return on $118k initial cash invested.

-12.22%

Cash On Cash

3.27%

Cap Rate

0.55

DSCR

$3,217

Rent

-$1,204

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$477k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,480

Closing costs

1%

$4,774

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,217

Total Expenses

$4,421

Mortgage P&I

74%

$2,376

Property Taxes

10%

$325

Home Insurance

5%

$175

HOA

0%

$0

Property Management

15%

$483

CapEx

4%

$129

Vacancy

0%

$0

Maintenance

4%

$129

Other

25%

$804

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Modern 3-Bed Home Steps to Lake & Downtown

$5,868

$364

3

2

0.57 mi

Charming home Centrally located in Worcester

$3,805

$236

3

2.5

0.54 mi

House near Lake Quinsig/Umass!

$3,627

$225

3

1

0.55 mi

Private 2 Bedroom Home in Worcester.

$2,870

$178

2

1.5

0.36 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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