REI Lense

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$5,344 (target)

13 Summer Ct, Smithfield, RI 02917

3 beds • 2 baths • 1808 sqft

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This property looks like a bad Mid-Term investment with a projected -7.01% first-year return on $166k initial cash invested.

-7.01%

Cash On Cash

4.95%

Cap Rate

0.79

DSCR

$5,344

Rent

-$970

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,344 income − $6,314 expenses = $970 out of pocket

Income$5,344Out of Pocket$970Mortgage P&I$3,66569%Property Taxes$57811%Insurance$2545%Management$64112%CapEx$2144%Vacancy$1603%Maintenance$2144%Other$58811%

Investment Breakdown

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Purchase Price

$705k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$166k

Downpayment

20%

$141k

Closing costs

1%

$7,051

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,344

Total Expenses

$6,314

Mortgage P&I

69%

$3,665

Property Taxes

11%

$578

Home Insurance

5%

$254

HOA

0%

$0

Property Management

12%

$641

CapEx

4%

$214

Vacancy

3%

$160

Maintenance

4%

$214

Other

11%

$588

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