REI Lense

REI Lense

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$2,784 (target)

851 River Ave, Providence, RI 02908

3 beds • 2 baths • 1152 sqft

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This property looks like a bad Long-Term investment with a projected -7.87% first-year return on $91,329 initial cash invested.

-7.87%

Cash On Cash

4.82%

Cap Rate

0.79

DSCR

$2,784

Rent

-$599

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,784 income − $3,383 expenses = $599 out of pocket

Income$2,784Out of Pocket$599Mortgage P&I$2,20879%Property Taxes$30011%Insurance$1525%Management$27810%CapEx$1395%Vacancy$1676%Maintenance$1395%

Investment Breakdown

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Purchase Price

$435k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,329

Downpayment

20%

$86,980

Closing costs

1%

$4,349

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,784

Total Expenses

$3,383

Mortgage P&I

79%

$2,208

Property Taxes

11%

$300

Home Insurance

5%

$152

HOA

0%

$0

Property Management

10%

$278

CapEx

5%

$139

Vacancy

6%

$167

Maintenance

5%

$139

Other

0%

$0

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