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1619A Ministerial Rd, South Kingstown, RI 02879
3 beds • 3 baths • 2030 sqft
$1,514,600
View on ZillowThis property looks like a bad Mid-Term investment with a projected -11.69% first-year return on $336k initial cash invested.
-11.69%
Cash On Cash
3.82%
Cap Rate
0.62
DSCR
$8,834
Rent
-$3,274
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$8,834 income − $12,108 expenses = $3,274 out of pocket
Investment Breakdown
|
Purchase Price
$1515k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$336k
Downpayment
20%
$303k
Closing costs
1%
$15,146
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$8,834
Total Expenses
$12,108
Mortgage P&I
88%
$7,739
Property Taxes
9%
$806
Home Insurance
6%
$560
HOA
0%
$0
Property Management
12%
$1,060
CapEx
4%
$353
Vacancy
3%
$265
Maintenance
4%
$353
Other
11%
$972