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$5,340 (target)

29 Elmwood St, Somerville, MA 02144

3 beds • 3 baths • 2790 sqft

$1,699,900

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This property looks like a bad Mid-Term investment with a projected -22.46% first-year return on $375k initial cash invested.

-22.46%

Cash On Cash

1.21%

Cap Rate

0.2

DSCR

$5,340

Rent

-$7,017

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,340 income − $12,357 expenses = $7,017 out of pocket

Income$5,340Out of Pocket$7,017Mortgage P&I$8,522160%Property Taxes$1,42427%Insurance$59511%Management$64112%CapEx$2144%Vacancy$1603%Maintenance$2144%Other$58711%

Investment Breakdown

|

Purchase Price

$1700k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$375k

Downpayment

20%

$340k

Closing costs

1%

$16,999

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$5,340

Total Expenses

$12,357

Mortgage P&I

160%

$8,522

Property Taxes

27%

$1,424

Home Insurance

11%

$595

HOA

0%

$0

Property Management

12%

$641

CapEx

4%

$214

Vacancy

3%

$160

Maintenance

4%

$214

Other

11%

$587

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