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$2,772 (target)

1563 Old North Colony Road, Meriden, CT 06450

3 beds • 2 baths • 2280 sqft

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This property looks like a bad Long-Term investment with a projected -10.55% first-year return on $81,879 initial cash invested.

-10.55%

Cash On Cash

4.32%

Cap Rate

0.71

DSCR

$2,772

Rent

-$720

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,772 income − $3,492 expenses = $720 out of pocket

Income$2,772Out of Pocket$720Mortgage P&I$1,98672%Property Taxes$64923%Insurance$1365%Management$27710%CapEx$1395%Vacancy$1666%Maintenance$1395%

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,879

Downpayment

20%

$77,980

Closing costs

1%

$3,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,772

Total Expenses

$3,492

Mortgage P&I

72%

$1,986

Property Taxes

23%

$649

Home Insurance

5%

$136

HOA

0%

$0

Property Management

10%

$277

CapEx

5%

$139

Vacancy

6%

$166

Maintenance

5%

$139

Other

0%

$0

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