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$3,962 (target)

59 Vandewater St, Providence, RI 02908

3 beds • 2 baths • 1258 sqft

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This property might be a fair Mid-Term investment with a projected 4.08% first-year return on $89,400 initial cash invested.

4.08%

Cash On Cash

8.04%

Cap Rate

1.25

DSCR

$3,962

Rent

$304

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,962 income − $3,658 expenses = $304 cash flow

Income$3,962Mortgage P&I$1,81546%Property Taxes$37810%Insurance$1193%Management$47512%CapEx$1584%Vacancy$1193%Maintenance$1584%Other$43611%Cash Flow$304

Investment Breakdown

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Purchase Price

$340k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,400

Downpayment

20%

$68,000

Closing costs

1%

$3,400

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,962

Total Expenses

$3,658

Mortgage P&I

46%

$1,815

Property Taxes

10%

$378

Home Insurance

3%

$119

HOA

0%

$0

Property Management

12%

$475

CapEx

4%

$158

Vacancy

3%

$119

Maintenance

4%

$158

Other

11%

$436

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