REI Lense

REI Lense

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$2,301 (target)

734 River Ave, Providence, RI 02908

3 beds • 2 baths • 1796 sqft

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This property looks like a bad Long-Term investment with a projected -11.01% first-year return on $83,832 initial cash invested.

-11.01%

Cash On Cash

4.36%

Cap Rate

0.69

DSCR

$2,301

Rent

-$769

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,301 income − $3,070 expenses = $769 out of pocket

Income$2,301Out of Pocket$769Mortgage P&I$2,10491%Property Taxes$22810%Insurance$1406%Management$23010%CapEx$1155%Vacancy$1386%Maintenance$1155%

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,832

Downpayment

20%

$79,840

Closing costs

1%

$3,992

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,301

Total Expenses

$3,070

Mortgage P&I

91%

$2,104

Property Taxes

10%

$228

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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