REI Lense

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$4,448 (target)

279 Merrymount Dr, Warwick, RI 02888

3 beds • 4 baths • 2328 sqft

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This property looks like a bad Long-Term investment with a projected -10.19% first-year return on $153k initial cash invested.

-10.19%

Cash On Cash

4.46%

Cap Rate

0.72

DSCR

$4,448

Rent

-$1,301

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,448 income − $5,749 expenses = $1,301 out of pocket

Income$4,448Out of Pocket$1,301Mortgage P&I$3,79485%Property Taxes$54412%Insurance$2556%Management$44510%CapEx$2225%Vacancy$2676%Maintenance$2225%

Investment Breakdown

|

Purchase Price

$730k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$153k

Downpayment

20%

$146k

Closing costs

1%

$7,298

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,448

Total Expenses

$5,749

Mortgage P&I

85%

$3,794

Property Taxes

12%

$544

Home Insurance

6%

$255

HOA

0%

$0

Property Management

10%

$445

CapEx

5%

$222

Vacancy

6%

$267

Maintenance

5%

$222

Other

0%

$0

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