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$5,450 (target)

241 Douglas Pike, Smithfield, RI 02917

3 beds • 3 baths • 1873 sqft

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This property looks like a bad Mid-Term investment with a projected -2.22% first-year return on $140k initial cash invested.

-2.22%

Cash On Cash

6.4%

Cap Rate

0.99

DSCR

$5,450

Rent

-$258

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,450 income − $5,708 expenses = $258 out of pocket

Income$5,450Out of Pocket$258Mortgage P&I$3,13057%Property Taxes$52110%Insurance$2034%Management$65412%CapEx$2184%Vacancy$1643%Maintenance$2184%Other$60011%

Investment Breakdown

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Purchase Price

$579k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$116k

Closing costs

1%

$5,790

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,450

Total Expenses

$5,708

Mortgage P&I

57%

$3,130

Property Taxes

10%

$521

Home Insurance

4%

$203

HOA

0%

$0

Property Management

12%

$654

CapEx

4%

$218

Vacancy

3%

$164

Maintenance

4%

$218

Other

11%

$600

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