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469 Lake Ave, Worcester, MA 01604

3 beds • 3 baths • 1874 sqft

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This property looks like a bad Airbnb investment with a projected -8.89% first-year return on $160k initial cash invested.

-8.89%

Cash On Cash

4.33%

Cap Rate

0.72

DSCR

$5,953

Rent

-$1,189

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$678k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$160k

Downpayment

20%

$136k

Closing costs

1%

$6,784

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,953

Total Expenses

$7,142

Mortgage P&I

57%

$3,399

Property Taxes

11%

$638

Home Insurance

4%

$248

HOA

0%

$0

Property Management

15%

$893

CapEx

4%

$238

Vacancy

0%

$0

Maintenance

4%

$238

Other

25%

$1,488

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