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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 -18.29% first-year return on $122k initial cash invested.

-18.29%

Cash On Cash

1.62%

Cap Rate

0.28

DSCR

$2,595

Rent

-$1,866

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,595 income − $4,461 expenses = $1,866 out of pocket

Income$2,595Out of Pocket$1,866Mortgage P&I$2,43394%Property Taxes$60723%Insurance$1757%Management$38915%CapEx$1044%Maintenance$1044%Other$64925%

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

$2,595

Total Expenses

$4,461

Mortgage P&I

94%

$2,433

Property Taxes

23%

$607

Home Insurance

7%

$175

HOA

0%

$0

Property Management

15%

$389

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$649

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