REI Lense

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$3,476 (target)

16 Briarwood Drive, Simsbury, CT 06070

3 beds • 2 baths • 1920 sqft

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This property looks like a bad Long-Term investment with a projected -8.81% first-year return on $103k initial cash invested.

-8.81%

Cash On Cash

4.63%

Cap Rate

0.76

DSCR

$3,476

Rent

-$760

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,476 income − $4,236 expenses = $760 out of pocket

Income$3,476Out of Pocket$760Mortgage P&I$2,48571%Property Taxes$67820%Insurance$1685%Management$34810%CapEx$1745%Vacancy$2096%Maintenance$1745%

Investment Breakdown

|

Purchase Price

$493k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$98,540

Closing costs

1%

$4,927

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,476

Total Expenses

$4,236

Mortgage P&I

71%

$2,485

Property Taxes

20%

$678

Home Insurance

5%

$168

HOA

0%

$0

Property Management

10%

$348

CapEx

5%

$174

Vacancy

6%

$209

Maintenance

5%

$174

Other

0%

$0

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