REI Lense

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$4,262 (target)

22 Chicory Ln, Cranston, RI 02921

3 beds • 4 baths • 3338 sqft

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This property looks like a bad Long-Term investment with a projected -9.62% first-year return on $136k initial cash invested.

-9.62%

Cash On Cash

4.53%

Cap Rate

0.74

DSCR

$4,262

Rent

-$1,089

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,262 income − $5,351 expenses = $1,089 out of pocket

Income$4,262Out of Pocket$1,089Mortgage P&I$3,31778%Property Taxes$69516%Insurance$2315%Management$42610%CapEx$2135%Vacancy$2566%Maintenance$2135%

Investment Breakdown

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Purchase Price

$647k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$136k

Downpayment

20%

$129k

Closing costs

1%

$6,471

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,262

Total Expenses

$5,351

Mortgage P&I

78%

$3,317

Property Taxes

16%

$695

Home Insurance

5%

$231

HOA

0%

$0

Property Management

10%

$426

CapEx

5%

$213

Vacancy

6%

$256

Maintenance

5%

$213

Other

0%

$0

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