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470 Cole Ave, Providence, RI 02906

5 beds • 4 baths • 3659 sqft

$1,463,400

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This property looks like a bad Airbnb investment with a projected -12.15% first-year return on $337k initial cash invested.

-12.15%

Cash On Cash

3.74%

Cap Rate

0.6

DSCR

$10,610

Rent

-$3,415

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$1463k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$337k

Downpayment

20%

$293k

Closing costs

1%

$14,634

Rehab

0%

$0

Furnishing

2%

$30,000

Cashflow

Total Income

$10,610

Total Expenses

$14,025

Mortgage P&I

71%

$7,555

Property Taxes

8%

$879

Home Insurance

5%

$499

HOA

0%

$0

Property Management

15%

$1,592

CapEx

4%

$424

Vacancy

0%

$0

Maintenance

4%

$424

Other

25%

$2,652

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