REI Lense

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$5,032 (target)

32 Indian Ridge Dr, Leominster, MA 01453

3 beds • 3 baths • 2272 sqft

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This property looks like a bad Mid-Term investment with a projected -4.18% first-year return on $142k initial cash invested.

-4.18%

Cash On Cash

5.47%

Cap Rate

0.9

DSCR

$5,032

Rent

-$494

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,032 income − $5,526 expenses = $494 out of pocket

Income$5,032Out of Pocket$494Mortgage P&I$2,98559%Property Taxes$60612%Insurance$2244%Management$60412%CapEx$2014%Vacancy$1513%Maintenance$2014%Other$55411%

Investment Breakdown

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Purchase Price

$590k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$118k

Closing costs

1%

$5,901

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,032

Total Expenses

$5,526

Mortgage P&I

59%

$2,985

Property Taxes

12%

$606

Home Insurance

4%

$224

HOA

0%

$0

Property Management

12%

$604

CapEx

4%

$201

Vacancy

3%

$151

Maintenance

4%

$201

Other

11%

$554

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