REI Lense

REI Lense

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$2,258 (target)

31 Lavender Ln, Springfield, MA 01129

3 beds • 2 baths • 1152 sqft

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This property looks like a bad Long-Term investment with a projected -9.75% first-year return on $73,689 initial cash invested.

-9.75%

Cash On Cash

4.43%

Cap Rate

0.73

DSCR

$2,258

Rent

-$599

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,258 income − $2,857 expenses = $599 out of pocket

Income$2,258Out of Pocket$599Mortgage P&I$1,78079%Property Taxes$36816%Insurance$1225%Management$22610%CapEx$1135%Vacancy$1356%Maintenance$1135%

Investment Breakdown

|

Purchase Price

$351k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,689

Downpayment

20%

$70,180

Closing costs

1%

$3,509

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,258

Total Expenses

$2,857

Mortgage P&I

79%

$1,780

Property Taxes

16%

$368

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$226

CapEx

5%

$113

Vacancy

6%

$135

Maintenance

5%

$113

Other

0%

$0

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