REI Lense

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$2,808 (target)

58 Carteret St, Providence, RI 02908

3 beds • 3 baths • 3456 sqft

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This property looks like a bad Long-Term investment with a projected -15.98% first-year return on $120k initial cash invested.

-15.98%

Cash On Cash

3.49%

Cap Rate

0.53

DSCR

$2,808

Rent

-$1,602

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,808 income − $4,410 expenses = $1,602 out of pocket

Income$2,808Out of Pocket$1,602Mortgage P&I$3,126111%Property Taxes$35413%Insurance$2017%Management$28110%CapEx$1405%Vacancy$1686%Maintenance$1405%

Investment Breakdown

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Purchase Price

$573k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$115k

Closing costs

1%

$5,728

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,808

Total Expenses

$4,410

Mortgage P&I

111%

$3,126

Property Taxes

13%

$354

Home Insurance

7%

$201

HOA

0%

$0

Property Management

10%

$281

CapEx

5%

$140

Vacancy

6%

$168

Maintenance

5%

$140

Other

0%

$0

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