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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 -18.86% first-year return on $131k initial cash invested.

-18.86%

Cash On Cash

1.65%

Cap Rate

0.27

DSCR

$2,492

Rent

-$2,064

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,492 income − $4,556 expenses = $2,064 out of pocket

Income$2,492Out of Pocket$2,064Mortgage P&I$2,706109%Property Taxes$46118%Insurance$1928%Management$37415%CapEx$1004%Maintenance$1004%Other$62325%

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

$2,492

Total Expenses

$4,556

Mortgage P&I

109%

$2,706

Property Taxes

19%

$461

Home Insurance

8%

$192

HOA

0%

$0

Property Management

15%

$374

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$623

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