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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 -5.82% first-year return on $122k initial cash invested.

-5.82%

Cash On Cash

4.9%

Cap Rate

0.83

DSCR

$4,731

Rent

-$593

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,731 income − $5,324 expenses = $593 out of pocket

Income$4,731Out of Pocket$593Mortgage P&I$2,43151%Property Taxes$4479%Insurance$1754%Management$71015%CapEx$1894%Maintenance$1894%Other$1,18325%

Investment Breakdown

|

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

$4,731

Total Expenses

$5,324

Mortgage P&I

51%

$2,431

Property Taxes

9%

$447

Home Insurance

4%

$175

HOA

0%

$0

Property Management

15%

$710

CapEx

4%

$189

Vacancy

0%

$0

Maintenance

4%

$189

Other

25%

$1,183

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