REI Lense

REI Lense

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$3,604 (target)

240 Central St, North Reading, MA 01864

3 beds • 2 baths • 2458 sqft

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This property looks like a bad Long-Term investment with a projected -18.73% first-year return on $176k initial cash invested.

-18.73%

Cash On Cash

2.49%

Cap Rate

0.4

DSCR

$3,604

Rent

-$2,752

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,604 income − $6,356 expenses = $2,752 out of pocket

Income$3,604Out of Pocket$2,752Mortgage P&I$4,315120%Property Taxes$80722%Insurance$2988%Management$36010%CapEx$1805%Vacancy$2166%Maintenance$1805%

Investment Breakdown

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Purchase Price

$840k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$176k

Downpayment

20%

$168k

Closing costs

1%

$8,397

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,604

Total Expenses

$6,356

Mortgage P&I

120%

$4,315

Property Taxes

22%

$807

Home Insurance

8%

$298

HOA

0%

$0

Property Management

10%

$360

CapEx

5%

$180

Vacancy

6%

$216

Maintenance

5%

$180

Other

0%

$0

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