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$5,840 (target)

5 Northfield Way, Danvers, MA 01923

3 beds • 2 baths • 1995 sqft

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This property might be a fair Mid-Term investment with a projected 0.53% first-year return on $144k initial cash invested.

0.53%

Cash On Cash

6.58%

Cap Rate

1.1

DSCR

$5,840

Rent

$63

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,840 income − $5,777 expenses = $63 cash flow

Income$5,840Mortgage P&I$2,99451%Property Taxes$58710%Insurance$2104%Management$70112%CapEx$2344%Vacancy$1753%Maintenance$2344%Other$64211%Cash Flow$63

Investment Breakdown

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Purchase Price

$600k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,999

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,840

Total Expenses

$5,777

Mortgage P&I

51%

$2,994

Property Taxes

10%

$587

Home Insurance

4%

$210

HOA

0%

$0

Property Management

12%

$701

CapEx

4%

$234

Vacancy

3%

$175

Maintenance

4%

$234

Other

11%

$642

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