REI Lense

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$3,358 (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 Long-Term investment with a projected -16.51% first-year return on $148k initial cash invested.

-16.51%

Cash On Cash

3.31%

Cap Rate

0.51

DSCR

$3,358

Rent

-$2,032

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,358 income − $5,390 expenses = $2,032 out of pocket

Income$3,358Out of Pocket$2,032Mortgage P&I$3,803113%Property Taxes$42313%Insurance$2788%HOA$13Management$33610%CapEx$1685%Vacancy$2016%Maintenance$1685%

Investment Breakdown

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Purchase Price

$704k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$148k

Downpayment

20%

$141k

Closing costs

1%

$7,035

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,358

Total Expenses

$5,390

Mortgage P&I

113%

$3,803

Property Taxes

13%

$423

Home Insurance

8%

$278

HOA

0%

$13

Property Management

10%

$336

CapEx

5%

$168

Vacancy

6%

$201

Maintenance

5%

$168

Other

0%

$0

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