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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 Long-Term investment with a projected -15.95% first-year return on $168k initial cash invested.

-15.95%

Cash On Cash

3.24%

Cap Rate

0.51

DSCR

$3,560

Rent

-$2,239

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,560 income − $5,799 expenses = $2,239 out of pocket

Income$3,560Out of Pocket$2,239Mortgage P&I$4,227119%Property Taxes$36510%Insurance$2818%Management$35610%CapEx$1785%Vacancy$2146%Maintenance$1785%

Investment Breakdown

|

Purchase Price

$802k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$168k

Downpayment

20%

$160k

Closing costs

1%

$8,019

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,560

Total Expenses

$5,799

Mortgage P&I

119%

$4,227

Property Taxes

10%

$365

Home Insurance

8%

$281

HOA

0%

$0

Property Management

10%

$356

CapEx

5%

$178

Vacancy

6%

$214

Maintenance

5%

$178

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

5 Bayview Dr, Unit 1, Westerly, RI 02891

$3,600

3

3

1950

1 mi

6 Pickering Dr, Westerly, RI 02891

$3,600

3

2.5

1987

1.2 mi

84 Renee Dr, Stonington, CT 06379

$4,500

3

2.5

1928

2.3 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

Projection Charts

Investment Value YoY

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