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57 Tuckerman Avenue
Middletown, RI 02842
Asking Price
$4.79M
Cap Rate
2.75%
Asset Type
Hospitality
Class
Class B
What's Special
Your Summer Getaway, Paid For! High-Grossing Beach House <p>Have you ever wanted to vacation on the coast of New England but didn't think you could afford to? Sea Lodge offers you the ability to own a luxurious property by the beach and supplement your expenses with short-term rentals. This state and town registered rental (grandfathered in from a recent ordinance change) is turn-key and grosses $200,000 annually.</p>
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NOI
$80,000
Cap Rate
1.67%
DSCR
0.28
Underwater
Cash-on-Cash
-14.23%
Monthly Payment
$23,723.044
Annual Cash Flow
$-204,676.525