500 E Greenwich Ave APT 112, West Warwick, RI 02893
2 beds • 1.5 baths • 1364 sqft
$358,000
View on ZillowThis property looks like a bad Mid-Term investment with a projected -0.91% first-year return on $87,180 initial cash invested.
-0.91%
Cash On Cash
7.03%
Cap Rate
1.04
DSCR
$3,656
Rent
-$66
Cashflow
Cash Flow
$3,656 income − $3,722 expenses = $66 out of pocket
Investment Breakdown
|
Purchase Price
$358k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$87,180
Downpayment
20%
$71,600
Closing costs
1%
$3,580
Rehab
0%
$0
Furnishing
3%
$12,000
Cashflow
Total Income
$3,656
Total Expenses
$3,722
Mortgage P&I
55%
$2,018
Property Taxes
9%
$336
Home Insurance
3%
$125
HOA
0%
$0
Property Management
12%
$439
CapEx
4%
$146
Vacancy
3%
$110
Maintenance
4%
$146
Other
11%
$402