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87 Norwood Ave, Leominster, MA 01453

3 beds • 2 baths • 1974 sqft

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This property looks like a bad Airbnb investment with a projected -15.86% first-year return on $122k initial cash invested.

-15.86%

Cash On Cash

2.26%

Cap Rate

0.39

DSCR

$3,072

Rent

-$1,618

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,072 income − $4,690 expenses = $1,618 out of pocket

Income$3,072Out of Pocket$1,618Mortgage P&I$2,43379%Property Taxes$60720%Insurance$1756%Management$46115%CapEx$1234%Maintenance$1234%Other$76825%

Investment Breakdown

|

Purchase Price

$497k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,440

Closing costs

1%

$4,972

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,072

Total Expenses

$4,690

Mortgage P&I

79%

$2,433

Property Taxes

20%

$607

Home Insurance

6%

$175

HOA

0%

$0

Property Management

15%

$461

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$768

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