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47 Mendon St, Providence, RI 02904

3 beds • 4 baths • 2251 sqft

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This property looks like a bad Long-Term investment with a projected -8.94% first-year return on $111k initial cash invested.

-8.94%

Cash On Cash

4.36%

Cap Rate

0.74

DSCR

$3,042

Rent

-$823

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$526k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$105k

Closing costs

1%

$5,262

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,042

Total Expenses

$3,865

Mortgage P&I

85%

$2,584

Property Taxes

10%

$306

Home Insurance

6%

$184

HOA

0%

$0

Property Management

10%

$304

CapEx

5%

$152

Vacancy

6%

$183

Maintenance

5%

$152

Other

0%

$0

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