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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 -9.7% first-year return on $186k initial cash invested.

-9.7%

Cash On Cash

4.38%

Cap Rate

0.69

DSCR

$5,100

Rent

-$1,507

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,100 income − $6,607 expenses = $1,507 out of pocket

Income$5,100Out of Pocket$1,507Mortgage P&I$4,22783%Property Taxes$3657%Insurance$2816%Management$61212%CapEx$2044%Vacancy$1533%Maintenance$2044%Other$56111%

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

$5,100

Total Expenses

$6,607

Mortgage P&I

83%

$4,227

Property Taxes

7%

$365

Home Insurance

6%

$281

HOA

0%

$0

Property Management

12%

$612

CapEx

4%

$204

Vacancy

3%

$153

Maintenance

4%

$204

Other

11%

$561

Projection Charts

Investment Value YoY

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