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61 Argonne St, Johnston, RI 02919

3 beds • 2 baths • 2174 sqft

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This property looks like a bad Airbnb investment with a projected -17.88% first-year return on $131k initial cash invested.

-17.88%

Cash On Cash

1.91%

Cap Rate

0.32

DSCR

$2,696

Rent

-$1,957

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,696 income − $4,653 expenses = $1,957 out of pocket

Income$2,696Out of Pocket$1,957Mortgage P&I$2,706100%Property Taxes$46117%Insurance$1927%Management$40415%CapEx$1084%Maintenance$1084%Other$67425%

Investment Breakdown

|

Purchase Price

$540k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$108k

Closing costs

1%

$5,397

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,696

Total Expenses

$4,653

Mortgage P&I

100%

$2,706

Property Taxes

17%

$461

Home Insurance

7%

$192

HOA

0%

$0

Property Management

15%

$404

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$674

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