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2 Essex Dr, Westerly, RI 02891

3 beds • 4 baths • 1908 sqft

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This property looks like a bad Airbnb investment with a projected -19.1% first-year return on $186k initial cash invested.

-19.1%

Cash On Cash

2.11%

Cap Rate

0.33

DSCR

$3,667

Rent

-$2,967

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,667 income − $6,634 expenses = $2,967 out of pocket

Income$3,667Out of Pocket$2,967Mortgage P&I$4,227115%Property Taxes$36510%Insurance$2818%Management$55015%CapEx$1474%Maintenance$1474%Other$91725%

Investment Breakdown

|

Purchase Price

$802k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$186k

Downpayment

20%

$160k

Closing costs

1%

$8,019

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,667

Total Expenses

$6,634

Mortgage P&I

115%

$4,227

Property Taxes

10%

$365

Home Insurance

8%

$281

HOA

0%

$0

Property Management

15%

$550

CapEx

4%

$147

Vacancy

0%

$0

Maintenance

4%

$147

Other

25%

$917

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5

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Projection Charts

Investment Value YoY

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