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$5,578 (target)

21 Madison St, Warwick, RI 02888

3 beds • 3 baths • 2000 sqft

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This property might be a fair Mid-Term investment with a projected 6.06% first-year return on $122k initial cash invested.

6.06%

Cash On Cash

8.21%

Cap Rate

1.33

DSCR

$5,578

Rent

$615

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,578 income − $4,963 expenses = $615 cash flow

Income$5,578Mortgage P&I$2,54446%Property Taxes$3626%Insurance$1613%Management$66912%CapEx$2234%Vacancy$1673%Maintenance$2234%Other$61411%Cash Flow$615

Investment Breakdown

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Purchase Price

$494k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$98,880

Closing costs

1%

$4,944

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,578

Total Expenses

$4,963

Mortgage P&I

46%

$2,544

Property Taxes

6%

$362

Home Insurance

3%

$161

HOA

0%

$0

Property Management

12%

$669

CapEx

4%

$223

Vacancy

3%

$167

Maintenance

4%

$223

Other

11%

$614

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