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66 Scenic Dr, Warwick, RI 02886

3 beds • 2 baths • 3606 sqft

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This property looks like a bad Airbnb investment with a projected -17.5% first-year return on $130k initial cash invested.

-17.5%

Cash On Cash

1.84%

Cap Rate

0.31

DSCR

$2,666

Rent

-$1,901

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,666 income − $4,567 expenses = $1,901 out of pocket

Income$2,666Out of Pocket$1,901Mortgage P&I$2,61498%Property Taxes$48618%Insurance$1877%Management$40015%CapEx$1074%Maintenance$1074%Other$66625%

Investment Breakdown

|

Purchase Price

$535k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$130k

Downpayment

20%

$107k

Closing costs

1%

$5,350

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,666

Total Expenses

$4,567

Mortgage P&I

98%

$2,614

Property Taxes

18%

$486

Home Insurance

7%

$187

HOA

0%

$0

Property Management

15%

$400

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$666

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