REI Lense

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$4,610 (target)

8 Turcone St, North Providence, RI 02911

3 beds • 2 baths • 1972 sqft

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This property looks like a bad Mid-Term investment with a projected -4.22% first-year return on $133k initial cash invested.

-4.22%

Cash On Cash

5.4%

Cap Rate

0.9

DSCR

$4,610

Rent

-$467

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,610 income − $5,077 expenses = $467 out of pocket

Income$4,610Out of Pocket$467Mortgage P&I$2,74259%Property Taxes$57713%Insurance$1924%Management$55312%CapEx$1844%Vacancy$1383%Maintenance$1844%Other$50711%

Investment Breakdown

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Purchase Price

$547k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$109k

Closing costs

1%

$5,468

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,610

Total Expenses

$5,077

Mortgage P&I

59%

$2,742

Property Taxes

13%

$577

Home Insurance

4%

$192

HOA

0%

$0

Property Management

12%

$553

CapEx

4%

$184

Vacancy

3%

$138

Maintenance

4%

$184

Other

11%

$507

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