REI Lense

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$2,663 (target)

55 Shirley Blvd, Cranston, RI 02910

3 beds • 2 baths • 1944 sqft

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This property looks like a bad Long-Term investment with a projected -13.69% first-year return on $103k initial cash invested.

-13.69%

Cash On Cash

3.67%

Cap Rate

0.59

DSCR

$2,663

Rent

-$1,177

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,663 income − $3,840 expenses = $1,177 out of pocket

Income$2,663Out of Pocket$1,177Mortgage P&I$2,54796%Property Taxes$44017%Insurance$1616%Management$26610%CapEx$1335%Vacancy$1606%Maintenance$1335%

Investment Breakdown

|

Purchase Price

$491k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$98,280

Closing costs

1%

$4,914

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,663

Total Expenses

$3,840

Mortgage P&I

96%

$2,547

Property Taxes

17%

$440

Home Insurance

6%

$161

HOA

0%

$0

Property Management

10%

$266

CapEx

5%

$133

Vacancy

6%

$160

Maintenance

5%

$133

Other

0%

$0

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