REI Lense

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$4,028 (target)

88 Locust Ave, North Providence, RI 02911

3 beds • 2 baths • 1795 sqft

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This property looks like a bad Mid-Term investment with a projected -5.18% first-year return on $122k initial cash invested.

-5.18%

Cash On Cash

5.44%

Cap Rate

0.86

DSCR

$4,028

Rent

-$528

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,028 income − $4,556 expenses = $528 out of pocket

Income$4,028Out of Pocket$528Mortgage P&I$2,62265%Property Taxes$39010%Insurance$1754%Management$48312%CapEx$1614%Vacancy$1213%Maintenance$1614%Other$44311%

Investment Breakdown

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Purchase Price

$497k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,460

Closing costs

1%

$4,973

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,028

Total Expenses

$4,556

Mortgage P&I

65%

$2,622

Property Taxes

10%

$390

Home Insurance

4%

$175

HOA

0%

$0

Property Management

12%

$483

CapEx

4%

$161

Vacancy

3%

$121

Maintenance

4%

$161

Other

11%

$443

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