REI Lense

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$3,264 (target)

241 Cornell Rd, Tiverton, RI 02878

3 beds • 2 baths • 1632 sqft

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This property looks like a bad Mid-Term investment with a projected -17.8% first-year return on $184k initial cash invested.

-17.8%

Cash On Cash

2.18%

Cap Rate

0.36

DSCR

$3,264

Rent

-$2,729

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,264 income − $5,993 expenses = $2,729 out of pocket

Income$3,264Out of Pocket$2,729Mortgage P&I$4,036124%Property Taxes$40813%Insurance$43813%Management$39212%CapEx$1314%Vacancy$983%Maintenance$1314%Other$35911%

Investment Breakdown

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Purchase Price

$791k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$184k

Downpayment

20%

$158k

Closing costs

1%

$7,905

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,264

Total Expenses

$5,993

Mortgage P&I

124%

$4,036

Property Taxes

13%

$408

Home Insurance

13%

$438

HOA

0%

$0

Property Management

12%

$392

CapEx

4%

$131

Vacancy

3%

$98

Maintenance

4%

$131

Other

11%

$359

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