REI Lense

REI Lense

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$2,939 (target)

150 Vergason Avenue, Norwich, CT 06360

3 beds • 3 baths • 1488 sqft

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This property looks like a bad Long-Term investment with a projected -4.77% first-year return on $67,200 initial cash invested.

-4.77%

Cash On Cash

5.68%

Cap Rate

0.93

DSCR

$2,939

Rent

-$267

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,939 income − $3,206 expenses = $267 out of pocket

Income$2,939Out of Pocket$267Mortgage P&I$1,63656%Property Taxes$69424%Insurance$1124%Management$29410%CapEx$1475%Vacancy$1766%Maintenance$1475%

Investment Breakdown

|

Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,200

Downpayment

20%

$64,000

Closing costs

1%

$3,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,939

Total Expenses

$3,206

Mortgage P&I

56%

$1,636

Property Taxes

24%

$694

Home Insurance

4%

$112

HOA

0%

$0

Property Management

10%

$294

CapEx

5%

$147

Vacancy

6%

$176

Maintenance

5%

$147

Other

0%

$0

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