REI Lense

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$2,936 (target)

15 Plante St, New Bedford, MA 02745

3 beds • 2 baths • 1192 sqft

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This property looks like a bad Long-Term investment with a projected -10.61% first-year return on $89,649 initial cash invested.

-10.61%

Cash On Cash

4.94%

Cap Rate

0.73

DSCR

$2,936

Rent

-$793

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,936 income − $3,729 expenses = $793 out of pocket

Income$2,936Out of Pocket$793Mortgage P&I$2,40582%Property Taxes$41314%Insurance$1475%Management$29410%CapEx$1475%Vacancy$1766%Maintenance$1475%

Investment Breakdown

|

Purchase Price

$427k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,649

Downpayment

20%

$85,380

Closing costs

1%

$4,269

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,936

Total Expenses

$3,729

Mortgage P&I

82%

$2,405

Property Taxes

14%

$413

Home Insurance

5%

$147

HOA

0%

$0

Property Management

10%

$294

CapEx

5%

$147

Vacancy

6%

$176

Maintenance

5%

$147

Other

0%

$0

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