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$3,560 (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 Long-Term investment with a projected -26.58% first-year return on $357k initial cash invested.

-26.58%

Cash On Cash

0.56%

Cap Rate

0.09

DSCR

$3,560

Rent

-$7,907

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,560 income − $11,467 expenses = $7,907 out of pocket

Income$3,560Out of Pocket$7,907Mortgage P&I$8,522239%Property Taxes$1,42440%Insurance$59517%Management$35610%CapEx$1785%Vacancy$2146%Maintenance$1785%

Investment Breakdown

|

Purchase Price

$1700k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$357k

Downpayment

20%

$340k

Closing costs

1%

$16,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,560

Total Expenses

$11,467

Mortgage P&I

239%

$8,522

Property Taxes

40%

$1,424

Home Insurance

17%

$595

HOA

0%

$0

Property Management

10%

$356

CapEx

5%

$178

Vacancy

6%

$214

Maintenance

5%

$178

Other

0%

$0

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