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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 -18.54% first-year return on $122k initial cash invested.

-18.54%

Cash On Cash

1.8%

Cap Rate

0.29

DSCR

$2,173

Rent

-$1,884

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,173 income − $4,057 expenses = $1,884 out of pocket

Income$2,173Out of Pocket$1,884Mortgage P&I$2,541117%Property Taxes$30014%Insurance$1738%Management$32615%CapEx$874%Maintenance$874%Other$54325%

Investment Breakdown

|

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

$2,173

Total Expenses

$4,057

Mortgage P&I

117%

$2,541

Property Taxes

14%

$300

Home Insurance

8%

$173

HOA

0%

$0

Property Management

15%

$326

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$543

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