REI Lense

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$2,398 (target)

216 State St, New Bedford, MA 02740

3 beds • 2 baths • 1268 sqft

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This property looks like a bad Long-Term investment with a projected -11.6% first-year return on $92,190 initial cash invested.

-11.6%

Cash On Cash

4.05%

Cap Rate

0.66

DSCR

$2,398

Rent

-$891

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,398 income − $3,289 expenses = $891 out of pocket

Income$2,398Out of Pocket$891Mortgage P&I$2,25294%Property Taxes$25911%Insurance$1546%Management$24010%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

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Purchase Price

$439k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,190

Downpayment

20%

$87,800

Closing costs

1%

$4,390

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,398

Total Expenses

$3,289

Mortgage P&I

94%

$2,252

Property Taxes

11%

$259

Home Insurance

6%

$154

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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