REI Lense

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$3,633 (target)

241 Douglas Pike, Smithfield, RI 02917

3 beds • 3 baths • 1873 sqft

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This property looks like a bad Long-Term investment with a projected -11.51% first-year return on $122k initial cash invested.

-11.51%

Cash On Cash

4.45%

Cap Rate

0.69

DSCR

$3,633

Rent

-$1,166

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,633 income − $4,799 expenses = $1,166 out of pocket

Income$3,633Out of Pocket$1,166Mortgage P&I$3,13086%Property Taxes$52114%Insurance$2036%Management$36310%CapEx$1825%Vacancy$2186%Maintenance$1825%

Investment Breakdown

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Purchase Price

$579k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$116k

Closing costs

1%

$5,790

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,633

Total Expenses

$4,799

Mortgage P&I

86%

$3,130

Property Taxes

14%

$521

Home Insurance

6%

$203

HOA

0%

$0

Property Management

10%

$363

CapEx

5%

$182

Vacancy

6%

$218

Maintenance

5%

$182

Other

0%

$0

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