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78 Forest St, Wakefield, MA 01880

3 beds • 2 baths • 1664 sqft

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This property looks like a bad Airbnb investment with a projected -17.63% first-year return on $197k initial cash invested.

-17.63%

Cash On Cash

2.75%

Cap Rate

0.42

DSCR

$3,963

Rent

-$2,896

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,963 income − $6,859 expenses = $2,896 out of pocket

Income$3,963Out of Pocket$2,896Mortgage P&I$4,694118%Insurance$2627%Management$59415%CapEx$1594%Maintenance$1594%Other$99125%

Investment Breakdown

|

Purchase Price

$853k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$197k

Downpayment

20%

$171k

Closing costs

1%

$8,527

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,963

Total Expenses

$6,859

Mortgage P&I

118%

$4,694

Property Taxes

0%

$0

Home Insurance

7%

$262

HOA

0%

$0

Property Management

15%

$594

CapEx

4%

$159

Vacancy

0%

$0

Maintenance

4%

$159

Other

25%

$991

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