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186 Belvidere St, Springfield, MA 01108

3 beds • 3 baths • 2394 sqft

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This property looks like a bad Airbnb investment with a projected -8.13% first-year return on $103k initial cash invested.

-8.13%

Cash On Cash

4.22%

Cap Rate

0.72

DSCR

$3,571

Rent

-$695

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$403k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,520

Closing costs

1%

$4,026

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,571

Total Expenses

$4,266

Mortgage P&I

55%

$1,969

Property Taxes

12%

$442

Home Insurance

4%

$140

HOA

0%

$0

Property Management

15%

$536

CapEx

4%

$143

Vacancy

0%

$0

Maintenance

4%

$143

Other

25%

$893

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Comparable Property

Rent

ADR

Beds

Baths

Distance

3 Mi to Dtwn Springfield: Winter Retreat w/ Office

$4,911

$234

3

1.5

0.51 mi

Entire 3 bedroom Apartment

$4,072

$194

3

1

0.14 mi

Upscaled Quiet Neighborhood- Modern 3 BDRM

$4,135

$197

3

1

0.32 mi

Warm 3 BR house w/ fenced yard close to everything

$4,051

$193

4

3.5

0.23 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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