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78 Briarwood Ave, Springfield, MA 01118

3 beds • 2 baths • 1534 sqft

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This property looks like a bad Airbnb investment with a projected -9.94% first-year return on $89,379 initial cash invested.

-9.94%

Cash On Cash

3.75%

Cap Rate

0.63

DSCR

$2,811

Rent

-$740

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,811 income − $3,551 expenses = $740 out of pocket

Income$2,811Out of Pocket$740Mortgage P&I$1,68960%Property Taxes$39414%Insurance$1194%Management$42215%CapEx$1124%Maintenance$1124%Other$70325%

Investment Breakdown

|

Purchase Price

$340k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,379

Downpayment

20%

$67,980

Closing costs

1%

$3,399

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,811

Total Expenses

$3,551

Mortgage P&I

60%

$1,689

Property Taxes

14%

$394

Home Insurance

4%

$119

HOA

0%

$0

Property Management

15%

$422

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$703

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