REI Lense

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$4,216 (target)

9 Pleasant Ave, North Providence, RI 02911

3 beds • 2 baths • 2492 sqft

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This property looks like a bad Mid-Term investment with a projected -1.16% first-year return on $118k initial cash invested.

-1.16%

Cash On Cash

6.02%

Cap Rate

1.02

DSCR

$4,216

Rent

-$114

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,216 income − $4,330 expenses = $114 out of pocket

Income$4,216Out of Pocket$114Mortgage P&I$2,32655%Property Taxes$40410%Insurance$1664%Management$50612%CapEx$1694%Vacancy$1263%Maintenance$1694%Other$46411%

Investment Breakdown

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Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$94,980

Closing costs

1%

$4,749

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,216

Total Expenses

$4,330

Mortgage P&I

55%

$2,326

Property Taxes

10%

$404

Home Insurance

4%

$166

HOA

0%

$0

Property Management

12%

$506

CapEx

4%

$169

Vacancy

3%

$126

Maintenance

4%

$169

Other

11%

$464

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