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27 Algonquin Ave, Andover, MA 01810

3 beds • 3 baths • 2808 sqft

$1,114,300

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This property looks like a bad Airbnb investment with a projected -23% first-year return on $252k initial cash invested.

-23%

Cash On Cash

1.17%

Cap Rate

0.19

DSCR

$4,646

Rent

-$4,830

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,646 income − $9,476 expenses = $4,830 out of pocket

Income$4,646Out of Pocket$4,830Mortgage P&I$5,726123%Property Taxes$1,13424%Insurance$3858%Management$69715%CapEx$1864%Maintenance$1864%Other$1,16225%

Investment Breakdown

|

Purchase Price

$1114k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$252k

Downpayment

20%

$223k

Closing costs

1%

$11,143

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,646

Total Expenses

$9,476

Mortgage P&I

123%

$5,726

Property Taxes

24%

$1,134

Home Insurance

8%

$385

HOA

0%

$0

Property Management

15%

$697

CapEx

4%

$186

Vacancy

0%

$0

Maintenance

4%

$186

Other

25%

$1,162

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