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$10,422 (target)

275 Forge Rd, North Kingstown, RI 02852

3 beds • 5 baths • 3626 sqft

$1,868,000

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This property looks like a bad Mid-Term investment with a projected -14.57% first-year return on $410k initial cash invested.

-14.57%

Cash On Cash

3.44%

Cap Rate

0.54

DSCR

$10,422

Rent

-$4,981

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$10,422 income − $15,403 expenses = $4,981 out of pocket

Income$10,422Out of Pocket$4,981Mortgage P&I$9,91495%Property Taxes$1,04810%Insurance$8058%HOA$921%Management$1,25112%CapEx$4174%Vacancy$3133%Maintenance$4174%Other$1,14611%

Investment Breakdown

|

Purchase Price

$1868k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$410k

Downpayment

20%

$374k

Closing costs

1%

$18,680

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$10,422

Total Expenses

$15,403

Mortgage P&I

95%

$9,914

Property Taxes

10%

$1,048

Home Insurance

8%

$805

HOA

1%

$92

Property Management

12%

$1,251

CapEx

4%

$417

Vacancy

3%

$313

Maintenance

4%

$417

Other

11%

$1,146

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