REI Lense

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$6,368 (target)

39 Montrose Ave, Wakefield, MA 01880

3 beds • 2 baths • 1717 sqft

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This property looks like a bad Mid-Term investment with a projected -7.4% first-year return on $194k initial cash invested.

-7.4%

Cash On Cash

5%

Cap Rate

0.79

DSCR

$6,368

Rent

-$1,195

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,368 income − $7,563 expenses = $1,195 out of pocket

Income$6,368Out of Pocket$1,195Mortgage P&I$4,42670%Property Taxes$67411%Insurance$2985%Management$76412%CapEx$2554%Vacancy$1913%Maintenance$2554%Other$70011%

Investment Breakdown

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Purchase Price

$837k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$194k

Downpayment

20%

$167k

Closing costs

1%

$8,368

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,368

Total Expenses

$7,563

Mortgage P&I

70%

$4,426

Property Taxes

11%

$674

Home Insurance

5%

$298

HOA

0%

$0

Property Management

12%

$764

CapEx

4%

$255

Vacancy

3%

$191

Maintenance

4%

$255

Other

11%

$700

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