REI Lense

REI Lense

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$4,479 (target)

3 Cote Ct, Coventry, RI 02816

3 beds • 2 baths • 2182 sqft

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This property looks like a bad Mid-Term investment with a projected -2.33% first-year return on $124k initial cash invested.

-2.33%

Cash On Cash

5.92%

Cap Rate

0.98

DSCR

$4,479

Rent

-$240

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,479 income − $4,719 expenses = $240 out of pocket

Income$4,479Out of Pocket$240Mortgage P&I$2,54057%Property Taxes$47311%Insurance$1844%Management$53712%CapEx$1794%Vacancy$1343%Maintenance$1794%Other$49311%

Investment Breakdown

|

Purchase Price

$502k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$100k

Closing costs

1%

$5,024

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,479

Total Expenses

$4,719

Mortgage P&I

57%

$2,540

Property Taxes

11%

$473

Home Insurance

4%

$184

HOA

0%

$0

Property Management

12%

$537

CapEx

4%

$179

Vacancy

3%

$134

Maintenance

4%

$179

Other

11%

$493

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