REI Lense

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$5,004 (target)

71 Garfield St, North Providence, RI 02904

3 beds • 2 baths • 2426 sqft

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This property might be a fair Mid-Term investment with a projected 3.74% first-year return on $121k initial cash invested.

3.74%

Cash On Cash

7.32%

Cap Rate

1.24

DSCR

$5,004

Rent

$377

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,004 income − $4,627 expenses = $377 cash flow

Income$5,004Mortgage P&I$2,41648%Property Taxes$3297%Insurance$1824%Management$60012%CapEx$2004%Vacancy$1503%Maintenance$2004%Other$55011%Cash Flow$377

Investment Breakdown

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Purchase Price

$491k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$98,100

Closing costs

1%

$4,905

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,004

Total Expenses

$4,627

Mortgage P&I

48%

$2,416

Property Taxes

7%

$329

Home Insurance

4%

$182

HOA

0%

$0

Property Management

12%

$600

CapEx

4%

$200

Vacancy

3%

$150

Maintenance

4%

$200

Other

11%

$550

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