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$6,464 (target)

51 Mount Vernon St, North Reading, MA 01864

3 beds • 2 baths • 1656 sqft

$1,174,300

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This property looks like a bad Mid-Term investment with a projected -15.26% first-year return on $265k initial cash invested.

-15.26%

Cash On Cash

2.93%

Cap Rate

0.48

DSCR

$6,464

Rent

-$3,365

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,464 income − $9,829 expenses = $3,365 out of pocket

Income$6,464Out of Pocket$3,365Mortgage P&I$5,97192%Property Taxes$1,24819%Insurance$4116%Management$77612%CapEx$2594%Vacancy$1943%Maintenance$2594%Other$71111%

Investment Breakdown

|

Purchase Price

$1174k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$265k

Downpayment

20%

$235k

Closing costs

1%

$11,743

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,464

Total Expenses

$9,829

Mortgage P&I

92%

$5,971

Property Taxes

19%

$1,248

Home Insurance

6%

$411

HOA

0%

$0

Property Management

12%

$776

CapEx

4%

$259

Vacancy

3%

$194

Maintenance

4%

$259

Other

11%

$711

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