REI Lense

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$3,784 (target)

851 River Ave, Providence, RI 02908

3 beds • 2 baths • 1152 sqft

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This property looks like a bad Mid-Term investment with a projected -2.39% first-year return on $115k initial cash invested.

-2.39%

Cash On Cash

5.71%

Cap Rate

0.97

DSCR

$3,784

Rent

-$228

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,784 income − $4,012 expenses = $228 out of pocket

Income$3,784Out of Pocket$228Mortgage P&I$2,26560%Property Taxes$3008%Insurance$1614%Management$45412%CapEx$1514%Vacancy$1143%Maintenance$1514%Other$41611%

Investment Breakdown

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Purchase Price

$460k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$91,980

Closing costs

1%

$4,599

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,784

Total Expenses

$4,012

Mortgage P&I

60%

$2,265

Property Taxes

8%

$300

Home Insurance

4%

$161

HOA

0%

$0

Property Management

12%

$454

CapEx

4%

$151

Vacancy

3%

$114

Maintenance

4%

$151

Other

11%

$416

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