REI Lense

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$4,155 (target)

31 Monica Dr, Cumberland, RI 02864

3 beds • 2 baths • 1748 sqft

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This property looks like a bad Mid-Term investment with a projected -6.25% first-year return on $131k initial cash invested.

-6.25%

Cash On Cash

5.14%

Cap Rate

0.82

DSCR

$4,155

Rent

-$684

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,155 income − $4,839 expenses = $684 out of pocket

Income$4,155Out of Pocket$684Mortgage P&I$2,82968%Property Taxes$40810%Insurance$1895%Management$49912%CapEx$1664%Vacancy$1253%Maintenance$1664%Other$45711%

Investment Breakdown

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Purchase Price

$540k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$108k

Closing costs

1%

$5,399

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,155

Total Expenses

$4,839

Mortgage P&I

68%

$2,829

Property Taxes

10%

$408

Home Insurance

5%

$189

HOA

0%

$0

Property Management

12%

$499

CapEx

4%

$166

Vacancy

3%

$125

Maintenance

4%

$166

Other

11%

$457

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