REI Lense

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$3,412 (target)

40 Esmond St, Smithfield, RI 02917

3 beds • 2 baths • 1892 sqft

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This property looks like a bad Long-Term investment with a projected -1.72% first-year return on $89,355 initial cash invested.

-1.72%

Cash On Cash

6.19%

Cap Rate

1.02

DSCR

$3,412

Rent

-$128

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,412 income − $3,540 expenses = $128 out of pocket

Income$3,412Out of Pocket$128Mortgage P&I$2,15163%Property Taxes$38911%Insurance$1123%Management$34110%CapEx$1715%Vacancy$2056%Maintenance$1715%

Investment Breakdown

|

Purchase Price

$426k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,355

Downpayment

20%

$85,100

Closing costs

1%

$4,255

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,412

Total Expenses

$3,540

Mortgage P&I

63%

$2,151

Property Taxes

11%

$389

Home Insurance

3%

$112

HOA

0%

$0

Property Management

10%

$341

CapEx

5%

$171

Vacancy

6%

$205

Maintenance

5%

$171

Other

0%

$0

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