REI Lense

REI Lense

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$3,221 (target)

24 Sweet Fern Dr, Cranston, RI 02921

3 beds • 2 baths • 1224 sqft

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This property looks like a bad Long-Term investment with a projected -6.64% first-year return on $99,750 initial cash invested.

-6.64%

Cash On Cash

4.92%

Cap Rate

0.83

DSCR

$3,221

Rent

-$552

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,221 income − $3,773 expenses = $552 out of pocket

Income$3,221Out of Pocket$552Mortgage P&I$2,34073%Property Taxes$43013%Insurance$1665%Management$32210%CapEx$1615%Vacancy$1936%Maintenance$1615%

Investment Breakdown

|

Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,750

Downpayment

20%

$95,000

Closing costs

1%

$4,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,221

Total Expenses

$3,773

Mortgage P&I

73%

$2,340

Property Taxes

13%

$430

Home Insurance

5%

$166

HOA

0%

$0

Property Management

10%

$322

CapEx

5%

$161

Vacancy

6%

$193

Maintenance

5%

$161

Other

0%

$0

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