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$6,770 (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 Mid-Term investment with a projected -15.76% first-year return on $333k initial cash invested.

-15.76%

Cash On Cash

2.86%

Cap Rate

0.47

DSCR

$6,770

Rent

-$4,372

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,770 income − $11,142 expenses = $4,372 out of pocket

Income$6,770Out of Pocket$4,372Mortgage P&I$7,674113%Property Taxes$6089%Insurance$5588%Management$81212%CapEx$2714%Vacancy$2033%Maintenance$2714%Other$74511%

Investment Breakdown

|

Purchase Price

$1499k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$333k

Downpayment

20%

$300k

Closing costs

1%

$14,991

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$6,770

Total Expenses

$11,142

Mortgage P&I

113%

$7,674

Property Taxes

9%

$608

Home Insurance

8%

$558

HOA

0%

$0

Property Management

12%

$812

CapEx

4%

$271

Vacancy

3%

$203

Maintenance

4%

$271

Other

11%

$745

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