REI Lense

REI Lense

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$2,685 (target)

88 Locust Ave, North Providence, RI 02911

3 beds • 2 baths • 1795 sqft

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This property looks like a bad Long-Term investment with a projected -13.78% first-year return on $104k initial cash invested.

-13.78%

Cash On Cash

3.76%

Cap Rate

0.59

DSCR

$2,685

Rent

-$1,199

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,685 income − $3,884 expenses = $1,199 out of pocket

Income$2,685Out of Pocket$1,199Mortgage P&I$2,62298%Property Taxes$39015%Insurance$1757%Management$26810%CapEx$1345%Vacancy$1616%Maintenance$1345%

Investment Breakdown

|

Purchase Price

$497k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$99,460

Closing costs

1%

$4,973

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,685

Total Expenses

$3,884

Mortgage P&I

98%

$2,622

Property Taxes

15%

$390

Home Insurance

7%

$175

HOA

0%

$0

Property Management

10%

$268

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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