REI Lense

REI Lense

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$3,893 (target)

5 Northfield Way, Danvers, MA 01923

3 beds • 2 baths • 1995 sqft

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This property looks like a bad Long-Term investment with a projected -8.68% first-year return on $126k initial cash invested.

-8.68%

Cash On Cash

4.56%

Cap Rate

0.76

DSCR

$3,893

Rent

-$911

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,893 income − $4,804 expenses = $911 out of pocket

Income$3,893Out of Pocket$911Mortgage P&I$2,99477%Property Taxes$58715%Insurance$2105%Management$38910%CapEx$1955%Vacancy$2346%Maintenance$1955%

Investment Breakdown

|

Purchase Price

$600k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$5,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,893

Total Expenses

$4,804

Mortgage P&I

77%

$2,994

Property Taxes

15%

$587

Home Insurance

5%

$210

HOA

0%

$0

Property Management

10%

$389

CapEx

5%

$195

Vacancy

6%

$234

Maintenance

5%

$195

Other

0%

$0

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