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3 Smith Ave, Methuen, MA 01844

3 beds • 3 baths • 1858 sqft

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This property looks like a bad Airbnb investment with a projected -21.99% first-year return on $157k initial cash invested.

-21.99%

Cash On Cash

1.21%

Cap Rate

0.19

DSCR

$2,359

Rent

-$2,876

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,359 income − $5,235 expenses = $2,876 out of pocket

Income$2,359Out of Pocket$2,876Mortgage P&I$3,448146%Property Taxes$42418%Insurance$23110%Management$35415%CapEx$944%Maintenance$944%Other$59025%

Investment Breakdown

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Purchase Price

$662k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$157k

Downpayment

20%

$132k

Closing costs

1%

$6,616

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,359

Total Expenses

$5,235

Mortgage P&I

146%

$3,448

Property Taxes

18%

$424

Home Insurance

10%

$231

HOA

0%

$0

Property Management

15%

$354

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$590

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