REI Lense

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$3,284 (target)

LOT 14 Seven Minglewood Dr, Coventry, RI 02816

beds • baths • sqft

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This property looks like a bad Long-Term investment with a projected -10.67% first-year return on $108k initial cash invested.

-10.67%

Cash On Cash

4.48%

Cap Rate

0.71

DSCR

$3,284

Rent

-$958

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,284 income − $4,242 expenses = $958 out of pocket

Income$3,284Out of Pocket$958Mortgage P&I$2,71083%Property Taxes$55117%Insurance$1284%Management$32810%CapEx$1645%Vacancy$1976%Maintenance$1645%

Investment Breakdown

|

Purchase Price

$513k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$103k

Closing costs

1%

$5,130

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,284

Total Expenses

$4,242

Mortgage P&I

83%

$2,710

Property Taxes

17%

$551

Home Insurance

4%

$128

HOA

0%

$0

Property Management

10%

$328

CapEx

5%

$164

Vacancy

6%

$197

Maintenance

5%

$164

Other

0%

$0

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