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535 Log Rd, Smithfield, RI 02917

3 beds • 2 baths • 1844 sqft

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This property looks like a bad Airbnb investment with a projected -13.42% first-year return on $116k initial cash invested.

-13.42%

Cash On Cash

2.98%

Cap Rate

0.5

DSCR

$2,962

Rent

-$1,293

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,962 income − $4,255 expenses = $1,293 out of pocket

Income$2,962Out of Pocket$1,293Mortgage P&I$2,33079%Property Taxes$35612%Insurance$1495%Management$44415%CapEx$1184%Maintenance$1184%Other$74025%

Investment Breakdown

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Purchase Price

$465k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$92,940

Closing costs

1%

$4,647

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,962

Total Expenses

$4,255

Mortgage P&I

79%

$2,330

Property Taxes

12%

$356

Home Insurance

5%

$149

HOA

0%

$0

Property Management

15%

$444

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$740

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