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83 Bateman Ave, Cranston, RI 02920

3 beds • 2 baths • 1435 sqft

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This property looks like a bad Airbnb investment with a projected -7.63% first-year return on $108k initial cash invested.

-7.63%

Cash On Cash

4.37%

Cap Rate

0.74

DSCR

$3,707

Rent

-$687

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,707 income − $4,394 expenses = $687 out of pocket

Income$3,707Out of Pocket$687Mortgage P&I$2,10057%Property Taxes$36510%Insurance$1504%Management$55615%CapEx$1484%Maintenance$1484%Other$92725%

Investment Breakdown

|

Purchase Price

$429k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,780

Closing costs

1%

$4,289

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,707

Total Expenses

$4,394

Mortgage P&I

57%

$2,100

Property Taxes

10%

$365

Home Insurance

4%

$150

HOA

0%

$0

Property Management

15%

$556

CapEx

4%

$148

Vacancy

0%

$0

Maintenance

4%

$148

Other

25%

$927

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