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$4,128 (target)

706 High St, Cumberland, RI 02864

3 beds • 2 baths • 1691 sqft

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This property looks like a bad Mid-Term investment with a projected -5.65% first-year return on $121k initial cash invested.

-5.65%

Cash On Cash

5.76%

Cap Rate

0.85

DSCR

$4,128

Rent

-$570

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,128 income − $4,698 expenses = $570 out of pocket

Income$4,128Out of Pocket$570Mortgage P&I$2,75767%Property Taxes$3669%Insurance$1724%Management$49512%CapEx$1654%Vacancy$1243%Maintenance$1654%Other$45411%

Investment Breakdown

|

Purchase Price

$490k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$98,060

Closing costs

1%

$4,903

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,128

Total Expenses

$4,698

Mortgage P&I

67%

$2,757

Property Taxes

9%

$366

Home Insurance

4%

$172

HOA

0%

$0

Property Management

12%

$495

CapEx

4%

$165

Vacancy

3%

$124

Maintenance

4%

$165

Other

11%

$454

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