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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 Mid-Term investment with a projected -9.76% first-year return on $186k initial cash invested.

-9.76%

Cash On Cash

4.36%

Cap Rate

0.69

DSCR

$5,085

Rent

-$1,516

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,085 income − $6,601 expenses = $1,516 out of pocket

Income$5,085Out of Pocket$1,516Mortgage P&I$4,22783%Property Taxes$3657%Insurance$2816%Management$61012%CapEx$2034%Vacancy$1533%Maintenance$2034%Other$55911%

Investment Breakdown

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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

$5,085

Total Expenses

$6,601

Mortgage P&I

83%

$4,227

Property Taxes

7%

$365

Home Insurance

6%

$281

HOA

0%

$0

Property Management

12%

$610

CapEx

4%

$203

Vacancy

3%

$153

Maintenance

4%

$203

Other

11%

$559

Projection Charts

Investment Value YoY

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