REI Lense

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$2,718 (target)

55 Hoover St, Leominster, MA 01453

3 beds • 2 baths • 1421 sqft

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This property looks like a bad Long-Term investment with a projected -10.87% first-year return on $93,177 initial cash invested.

-10.87%

Cash On Cash

4.21%

Cap Rate

0.69

DSCR

$2,718

Rent

-$844

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,718 income − $3,562 expenses = $844 out of pocket

Income$2,718Out of Pocket$844Mortgage P&I$2,26483%Property Taxes$43616%Insurance$1556%Management$27210%CapEx$1365%Vacancy$1636%Maintenance$1365%

Investment Breakdown

|

Purchase Price

$444k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,177

Downpayment

20%

$88,740

Closing costs

1%

$4,437

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,718

Total Expenses

$3,562

Mortgage P&I

83%

$2,264

Property Taxes

16%

$436

Home Insurance

6%

$155

HOA

0%

$0

Property Management

10%

$272

CapEx

5%

$136

Vacancy

6%

$163

Maintenance

5%

$136

Other

0%

$0

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