REI Lense

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$2,856 (target)

6 Newell Dr, Cumberland, RI 02864

3 beds • 2 baths • 1840 sqft

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This property looks like a bad Long-Term investment with a projected -21.93% first-year return on $159k initial cash invested.

-21.93%

Cash On Cash

2.37%

Cap Rate

0.35

DSCR

$2,856

Rent

-$2,900

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,856 income − $5,756 expenses = $2,900 out of pocket

Income$2,856Out of Pocket$2,900Mortgage P&I$4,248149%Property Taxes$49517%Insurance$2709%Management$28610%CapEx$1435%Vacancy$1716%Maintenance$1435%

Investment Breakdown

|

Purchase Price

$756k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$159k

Downpayment

20%

$151k

Closing costs

1%

$7,555

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,856

Total Expenses

$5,756

Mortgage P&I

149%

$4,248

Property Taxes

17%

$495

Home Insurance

9%

$270

HOA

0%

$0

Property Management

10%

$286

CapEx

5%

$143

Vacancy

6%

$171

Maintenance

5%

$143

Other

0%

$0

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