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55 Hoover St, Leominster, MA 01453

3 beds • 2 baths • 1421 sqft

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This property looks like a bad Airbnb investment with a projected -15.94% first-year return on $111k initial cash invested.

-15.94%

Cash On Cash

2.42%

Cap Rate

0.39

DSCR

$2,651

Rent

-$1,477

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,651 income − $4,128 expenses = $1,477 out of pocket

Income$2,651Out of Pocket$1,477Mortgage P&I$2,26485%Property Taxes$43616%Insurance$1556%Management$39815%CapEx$1064%Maintenance$1064%Other$66325%

Investment Breakdown

|

Purchase Price

$444k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,740

Closing costs

1%

$4,437

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,651

Total Expenses

$4,128

Mortgage P&I

85%

$2,264

Property Taxes

16%

$436

Home Insurance

6%

$155

HOA

0%

$0

Property Management

15%

$398

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$663

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