REI Lense

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$3,382 (target)

8 South Dr, Westerly, RI 02891

3 beds • 3 baths • 1732 sqft

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This property looks like a bad Long-Term investment with a projected -8.2% first-year return on $119k initial cash invested.

-8.2%

Cash On Cash

4.7%

Cap Rate

0.78

DSCR

$3,382

Rent

-$814

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,382 income − $4,196 expenses = $814 out of pocket

Income$3,382Out of Pocket$814Mortgage P&I$2,86785%Property Taxes$2929%Insurance$1585%Management$33810%CapEx$1695%Vacancy$2036%Maintenance$1695%

Investment Breakdown

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Purchase Price

$567k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$113k

Closing costs

1%

$5,671

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,382

Total Expenses

$4,196

Mortgage P&I

85%

$2,867

Property Taxes

9%

$292

Home Insurance

5%

$158

HOA

0%

$0

Property Management

10%

$338

CapEx

5%

$169

Vacancy

6%

$203

Maintenance

5%

$169

Other

0%

$0

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