REI Lense

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$5,586 (target)

11 Avondale Lane, Middletown, CT 06457

3 beds • 3 baths • 2500 sqft

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This property might be a fair Mid-Term investment with a projected 3.04% first-year return on $122k initial cash invested.

3.04%

Cash On Cash

7.3%

Cap Rate

1.21

DSCR

$5,586

Rent

$310

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,586 income − $5,276 expenses = $310 cash flow

Income$5,586Mortgage P&I$2,48544%Property Taxes$70813%Insurance$1753%HOA$10Management$67012%CapEx$2234%Vacancy$1683%Maintenance$2234%Other$61411%Cash Flow$310

Investment Breakdown

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Purchase Price

$496k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,260

Closing costs

1%

$4,963

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,586

Total Expenses

$5,276

Mortgage P&I

44%

$2,485

Property Taxes

13%

$708

Home Insurance

3%

$175

HOA

0%

$10

Property Management

12%

$670

CapEx

4%

$223

Vacancy

3%

$168

Maintenance

4%

$223

Other

11%

$614

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