REI Lense

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$3,994 (target)

14 Alexander Drive, Cromwell, CT 06416

3 beds • 2 baths • 1396 sqft

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This property looks like a bad Mid-Term investment with a projected -5.02% first-year return on $117k initial cash invested.

-5.02%

Cash On Cash

5.39%

Cap Rate

0.87

DSCR

$3,994

Rent

-$488

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,994 income − $4,482 expenses = $488 out of pocket

Income$3,994Out of Pocket$488Mortgage P&I$2,43861%Property Taxes$52213%Insurance$1644%Management$47912%CapEx$1604%Vacancy$1203%Maintenance$1604%Other$43911%

Investment Breakdown

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Purchase Price

$470k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$93,980

Closing costs

1%

$4,699

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,994

Total Expenses

$4,482

Mortgage P&I

61%

$2,438

Property Taxes

13%

$522

Home Insurance

4%

$164

HOA

0%

$0

Property Management

12%

$479

CapEx

4%

$160

Vacancy

3%

$120

Maintenance

4%

$160

Other

11%

$439

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