REI Lense

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$3,452 (target)

734 River Ave, Providence, RI 02908

3 beds • 2 baths • 1796 sqft

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This property looks like a bad Mid-Term investment with a projected -2.29% first-year return on $102k initial cash invested.

-2.29%

Cash On Cash

6.16%

Cap Rate

0.97

DSCR

$3,452

Rent

-$194

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,452 income − $3,646 expenses = $194 out of pocket

Income$3,452Out of Pocket$194Mortgage P&I$2,10461%Property Taxes$2287%Insurance$1404%Management$41412%CapEx$1384%Vacancy$1043%Maintenance$1384%Other$38011%

Investment Breakdown

|

Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,840

Closing costs

1%

$3,992

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,452

Total Expenses

$3,646

Mortgage P&I

61%

$2,104

Property Taxes

7%

$228

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$414

CapEx

4%

$138

Vacancy

3%

$104

Maintenance

4%

$138

Other

11%

$380

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