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46 Irving St, North Providence, RI 02904

3 beds • 2 baths • 1800 sqft

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This property looks like a bad Airbnb investment with a projected -12.22% first-year return on $119k initial cash invested.

-12.22%

Cash On Cash

3.2%

Cap Rate

0.54

DSCR

$3,372

Rent

-$1,208

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,372 income − $4,580 expenses = $1,208 out of pocket

Income$3,372Out of Pocket$1,208Mortgage P&I$2,34970%Property Taxes$44413%Insurance$1685%Management$50615%CapEx$1354%Maintenance$1354%Other$84325%

Investment Breakdown

|

Purchase Price

$479k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$95,840

Closing costs

1%

$4,792

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,372

Total Expenses

$4,580

Mortgage P&I

70%

$2,349

Property Taxes

13%

$444

Home Insurance

5%

$168

HOA

0%

$0

Property Management

15%

$506

CapEx

4%

$135

Vacancy

0%

$0

Maintenance

4%

$135

Other

25%

$843

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