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$5,037 (target)

17 Watch Hill Way, South Kingstown, RI 02879

3 beds • 3 baths • 1638 sqft

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This property looks like a bad Mid-Term investment with a projected -8.62% first-year return on $166k initial cash invested.

-8.62%

Cash On Cash

4.8%

Cap Rate

0.74

DSCR

$5,037

Rent

-$1,191

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,037 income − $6,228 expenses = $1,191 out of pocket

Income$5,037Out of Pocket$1,191Mortgage P&I$3,80376%Property Taxes$4238%Insurance$2786%HOA$13Management$60412%CapEx$2014%Vacancy$1513%Maintenance$2014%Other$55411%

Investment Breakdown

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Purchase Price

$704k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$166k

Downpayment

20%

$141k

Closing costs

1%

$7,035

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,037

Total Expenses

$6,228

Mortgage P&I

76%

$3,803

Property Taxes

8%

$423

Home Insurance

6%

$278

HOA

0%

$13

Property Management

12%

$604

CapEx

4%

$201

Vacancy

3%

$151

Maintenance

4%

$201

Other

11%

$554

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