REI Lense

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$6,672 (target)

279 Merrymount Dr, Warwick, RI 02888

3 beds • 4 baths • 2328 sqft

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This property looks like a bad Mid-Term investment with a projected -1.33% first-year return on $171k initial cash invested.

-1.33%

Cash On Cash

6.37%

Cap Rate

1.02

DSCR

$6,672

Rent

-$190

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,672 income − $6,862 expenses = $190 out of pocket

Income$6,672Out of Pocket$190Mortgage P&I$3,79457%Property Taxes$5448%Insurance$2554%Management$80112%CapEx$2674%Vacancy$2003%Maintenance$2674%Other$73411%

Investment Breakdown

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Purchase Price

$730k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$171k

Downpayment

20%

$146k

Closing costs

1%

$7,298

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,672

Total Expenses

$6,862

Mortgage P&I

57%

$3,794

Property Taxes

8%

$544

Home Insurance

4%

$255

HOA

0%

$0

Property Management

12%

$801

CapEx

4%

$267

Vacancy

3%

$200

Maintenance

4%

$267

Other

11%

$734

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