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1124 Narragansett Blvd, Cranston, RI 02905

3 beds • 3 baths • 1922 sqft

$1,172,500

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This property looks like a bad Long-Term investment with a projected -22.18% first-year return on $246k initial cash invested.

-22.18%

Cash On Cash

1.41%

Cap Rate

0.24

DSCR

$2,961

Rent

-$4,552

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$1173k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$246k

Downpayment

20%

$235k

Closing costs

1%

$11,725

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,961

Total Expenses

$7,513

Mortgage P&I

195%

$5,782

Property Taxes

18%

$541

Home Insurance

14%

$420

HOA

0%

$0

Property Management

10%

$296

CapEx

5%

$148

Vacancy

6%

$178

Maintenance

5%

$148

Other

0%

$0

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