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$6,429 (target)

21 Preston St, Wakefield, MA 01880

3 beds • 2 baths • 2017 sqft

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This property looks like a bad Mid-Term investment with a projected -3.06% first-year return on $173k initial cash invested.

-3.06%

Cash On Cash

5.78%

Cap Rate

0.95

DSCR

$6,429

Rent

-$442

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,429 income − $6,871 expenses = $442 out of pocket

Income$6,429Out of Pocket$442Mortgage P&I$3,74658%Property Taxes$68111%Insurance$2594%Management$77112%CapEx$2574%Vacancy$1933%Maintenance$2574%Other$70711%

Investment Breakdown

|

Purchase Price

$739k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$173k

Downpayment

20%

$148k

Closing costs

1%

$7,390

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,429

Total Expenses

$6,871

Mortgage P&I

58%

$3,746

Property Taxes

11%

$681

Home Insurance

4%

$259

HOA

0%

$0

Property Management

12%

$771

CapEx

4%

$257

Vacancy

3%

$193

Maintenance

4%

$257

Other

11%

$707

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