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11 Nichole Ln, Coventry, RI 02816

3 beds • 2 baths • 1960 sqft

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This property looks like a bad Airbnb investment with a projected -11.24% first-year return on $122k initial cash invested.

-11.24%

Cash On Cash

3.46%

Cap Rate

0.59

DSCR

$3,668

Rent

-$1,146

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,668 income − $4,814 expenses = $1,146 out of pocket

Income$3,668Out of Pocket$1,146Mortgage P&I$2,43166%Property Taxes$44712%Insurance$1755%Management$55015%CapEx$1474%Maintenance$1474%Other$91725%

Investment Breakdown

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Purchase Price

$497k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,340

Closing costs

1%

$4,967

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,668

Total Expenses

$4,814

Mortgage P&I

66%

$2,431

Property Taxes

12%

$447

Home Insurance

5%

$175

HOA

0%

$0

Property Management

15%

$550

CapEx

4%

$147

Vacancy

0%

$0

Maintenance

4%

$147

Other

25%

$917

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