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$5,994 (target)

32 Short Rd, North Kingstown, RI 02852

3 beds • 2 baths • 1581 sqft

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This property might be a fair Mid-Term investment with a projected 4.63% first-year return on $131k initial cash invested.

4.63%

Cash On Cash

7.88%

Cap Rate

1.27

DSCR

$5,994

Rent

$507

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,994 income − $5,487 expenses = $507 cash flow

Income$5,994Mortgage P&I$2,79747%Property Taxes$4608%Insurance$1923%Management$71912%CapEx$2404%Vacancy$1803%Maintenance$2404%Other$65911%Cash Flow$507

Investment Breakdown

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Purchase Price

$540k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$108k

Closing costs

1%

$5,395

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,994

Total Expenses

$5,487

Mortgage P&I

47%

$2,797

Property Taxes

8%

$460

Home Insurance

3%

$192

HOA

0%

$0

Property Management

12%

$719

CapEx

4%

$240

Vacancy

3%

$180

Maintenance

4%

$240

Other

11%

$659

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