REI Lense

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$6,200 (target)

308 Salem Rd, Billerica, MA 01821

3 beds • 2 baths • 3620 sqft

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This property looks like a bad Mid-Term investment with a projected -4.9% first-year return on $194k initial cash invested.

-4.9%

Cash On Cash

5.3%

Cap Rate

0.87

DSCR

$6,200

Rent

-$793

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,200 income − $6,993 expenses = $793 out of pocket

Income$6,200Out of Pocket$793Mortgage P&I$4,25869%Property Taxes$3295%Insurance$2985%Management$74412%CapEx$2484%Vacancy$1863%Maintenance$2484%Other$68211%

Investment Breakdown

|

Purchase Price

$840k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$194k

Downpayment

20%

$168k

Closing costs

1%

$8,399

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,200

Total Expenses

$6,993

Mortgage P&I

69%

$4,258

Property Taxes

5%

$329

Home Insurance

5%

$298

HOA

0%

$0

Property Management

12%

$744

CapEx

4%

$248

Vacancy

3%

$186

Maintenance

4%

$248

Other

11%

$682

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