REI Lense

REI Lense

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$2,557 (target)

590 Union St, New Bedford, MA 02740

3 beds • 3 baths • 1550 sqft

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This property looks like a bad Long-Term investment with a projected -11.82% first-year return on $96,978 initial cash invested.

-11.82%

Cash On Cash

3.94%

Cap Rate

0.65

DSCR

$2,557

Rent

-$955

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,557 income − $3,512 expenses = $955 out of pocket

Income$2,557Out of Pocket$955Mortgage P&I$2,34292%Property Taxes$34413%Insurance$1616%Management$25610%CapEx$1285%Vacancy$1536%Maintenance$1285%

Investment Breakdown

|

Purchase Price

$462k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,978

Downpayment

20%

$92,360

Closing costs

1%

$4,618

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,557

Total Expenses

$3,512

Mortgage P&I

92%

$2,342

Property Taxes

13%

$344

Home Insurance

6%

$161

HOA

0%

$0

Property Management

10%

$256

CapEx

5%

$128

Vacancy

6%

$153

Maintenance

5%

$128

Other

0%

$0

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