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$4,862 (target)

56 McKay Ct, Warwick, RI 02889

3 beds • 3 baths • 1612 sqft

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This property looks like a bad Mid-Term investment with a projected -4.15% first-year return on $138k initial cash invested.

-4.15%

Cash On Cash

5.61%

Cap Rate

0.9

DSCR

$4,862

Rent

-$477

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,862 income − $5,339 expenses = $477 out of pocket

Income$4,862Out of Pocket$477Mortgage P&I$2,95161%Property Taxes$53511%Insurance$2014%Management$58312%CapEx$1944%Vacancy$1463%Maintenance$1944%Other$53511%

Investment Breakdown

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Purchase Price

$571k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$114k

Closing costs

1%

$5,712

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,862

Total Expenses

$5,339

Mortgage P&I

61%

$2,951

Property Taxes

11%

$535

Home Insurance

4%

$201

HOA

0%

$0

Property Management

12%

$583

CapEx

4%

$194

Vacancy

3%

$146

Maintenance

4%

$194

Other

11%

$535

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