REI Lense

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$2,811 (target)

9 Pleasant Ave, North Providence, RI 02911

3 beds • 2 baths • 2492 sqft

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This property looks like a bad Long-Term investment with a projected -9.83% first-year return on $99,729 initial cash invested.

-9.83%

Cash On Cash

4.17%

Cap Rate

0.71

DSCR

$2,811

Rent

-$817

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,811 income − $3,628 expenses = $817 out of pocket

Income$2,811Out of Pocket$817Mortgage P&I$2,32683%Property Taxes$40414%Insurance$1666%Management$28110%CapEx$1415%Vacancy$1696%Maintenance$1415%

Investment Breakdown

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Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,729

Downpayment

20%

$94,980

Closing costs

1%

$4,749

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,811

Total Expenses

$3,628

Mortgage P&I

83%

$2,326

Property Taxes

14%

$404

Home Insurance

6%

$166

HOA

0%

$0

Property Management

10%

$281

CapEx

5%

$141

Vacancy

6%

$169

Maintenance

5%

$141

Other

0%

$0

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