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851 River Ave, Providence, RI 02908

3 beds • 2 baths • 1152 sqft

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This property looks like a bad Airbnb investment with a projected -20.18% first-year return on $122k initial cash invested.

-20.18%

Cash On Cash

1.37%

Cap Rate

0.22

DSCR

$1,853

Rent

-$2,050

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,853 income − $3,903 expenses = $2,050 out of pocket

Income$1,853Out of Pocket$2,050Mortgage P&I$2,541137%Property Taxes$30016%Insurance$1739%Management$27815%CapEx$744%Maintenance$744%Other$46325%

Investment Breakdown

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Purchase Price

$495k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$98,980

Closing costs

1%

$4,949

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$1,853

Total Expenses

$3,903

Mortgage P&I

137%

$2,541

Property Taxes

16%

$300

Home Insurance

9%

$173

HOA

0%

$0

Property Management

15%

$278

CapEx

4%

$74

Vacancy

0%

$0

Maintenance

4%

$74

Other

25%

$463

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