REI Lense

REI Lense

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$4,555 (target)

341 Locust St, Danvers, MA 01923

3 beds • 3 baths • 2266 sqft

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This property looks like a bad Long-Term investment with a projected -14.8% first-year return on $192k initial cash invested.

-14.8%

Cash On Cash

3.45%

Cap Rate

0.55

DSCR

$4,555

Rent

-$2,362

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,555 income − $6,917 expenses = $2,362 out of pocket

Income$4,555Out of Pocket$2,362Mortgage P&I$4,754104%Property Taxes$65614%Insurance$3227%Management$45610%CapEx$2285%Vacancy$2736%Maintenance$2285%

Investment Breakdown

|

Purchase Price

$912k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$192k

Downpayment

20%

$182k

Closing costs

1%

$9,122

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,555

Total Expenses

$6,917

Mortgage P&I

104%

$4,754

Property Taxes

14%

$656

Home Insurance

7%

$322

HOA

0%

$0

Property Management

10%

$456

CapEx

5%

$228

Vacancy

6%

$273

Maintenance

5%

$228

Other

0%

$0

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