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$4,041 (target)

65 Prospect St, Providence, RI 02906

3 beds • 4 baths • 3069 sqft

$1,344,000

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This property looks like a bad Long-Term investment with a projected -24.38% first-year return on $282k initial cash invested.

-24.38%

Cash On Cash

1.61%

Cap Rate

0.25

DSCR

$4,041

Rent

-$5,735

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,041 income − $9,776 expenses = $5,735 out of pocket

Income$4,041Out of Pocket$5,735Mortgage P&I$7,335182%Property Taxes$90322%Insurance$48812%Management$40410%CapEx$2025%Vacancy$2426%Maintenance$2025%

Investment Breakdown

|

Purchase Price

$1344k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$282k

Downpayment

20%

$269k

Closing costs

1%

$13,440

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,041

Total Expenses

$9,776

Mortgage P&I

182%

$7,335

Property Taxes

22%

$903

Home Insurance

12%

$488

HOA

0%

$0

Property Management

10%

$404

CapEx

5%

$202

Vacancy

6%

$242

Maintenance

5%

$202

Other

0%

$0

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