REI Lense

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$3,055 (target)

59 Orchard Dr, Cumberland, RI 02864

3 beds • 2 baths • 2328 sqft

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This property looks like a bad Long-Term investment with a projected -9.28% first-year return on $102k initial cash invested.

-9.28%

Cash On Cash

4.44%

Cap Rate

0.74

DSCR

$3,055

Rent

-$788

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,055 income − $3,843 expenses = $788 out of pocket

Income$3,055Out of Pocket$788Mortgage P&I$2,43080%Property Taxes$44315%Insurance$1756%Management$30610%CapEx$1535%Vacancy$1836%Maintenance$1535%

Investment Breakdown

|

Purchase Price

$485k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$97,060

Closing costs

1%

$4,853

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,055

Total Expenses

$3,843

Mortgage P&I

80%

$2,430

Property Taxes

14%

$443

Home Insurance

6%

$175

HOA

0%

$0

Property Management

10%

$306

CapEx

5%

$153

Vacancy

6%

$183

Maintenance

5%

$153

Other

0%

$0

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