REI Lense

REI Lense

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$3,297 (target)

31 Colby Ave, Worcester, MA 01605

3 beds • 2 baths • 2158 sqft

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This property looks like a bad Long-Term investment with a projected -7.13% first-year return on $99,834 initial cash invested.

-7.13%

Cash On Cash

5.06%

Cap Rate

0.82

DSCR

$3,297

Rent

-$593

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,297 income − $3,890 expenses = $593 out of pocket

Income$3,297Out of Pocket$593Mortgage P&I$2,43474%Property Taxes$43213%Insurance$1665%Management$33010%CapEx$1655%Vacancy$1986%Maintenance$1655%

Investment Breakdown

|

Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,834

Downpayment

20%

$95,080

Closing costs

1%

$4,754

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,297

Total Expenses

$3,890

Mortgage P&I

74%

$2,434

Property Taxes

13%

$432

Home Insurance

5%

$166

HOA

0%

$0

Property Management

10%

$330

CapEx

5%

$165

Vacancy

6%

$198

Maintenance

5%

$165

Other

0%

$0

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