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$4,513 (target)

251 Succotash Rd, South Kingstown, RI 02879

3 beds • 3 baths • 2760 sqft

$1,499,100

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This property looks like a bad Long-Term investment with a projected -20.97% first-year return on $315k initial cash invested.

-20.97%

Cash On Cash

1.92%

Cap Rate

0.31

DSCR

$4,513

Rent

-$5,501

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,513 income − $10,014 expenses = $5,501 out of pocket

Income$4,513Out of Pocket$5,501Mortgage P&I$7,674170%Property Taxes$60813%Insurance$55812%Management$45110%CapEx$2265%Vacancy$2716%Maintenance$2265%

Investment Breakdown

|

Purchase Price

$1499k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$315k

Downpayment

20%

$300k

Closing costs

1%

$14,991

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,513

Total Expenses

$10,014

Mortgage P&I

170%

$7,674

Property Taxes

13%

$608

Home Insurance

12%

$558

HOA

0%

$0

Property Management

10%

$451

CapEx

5%

$226

Vacancy

6%

$271

Maintenance

5%

$226

Other

0%

$0

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