REI Lense

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$3,388 (target)

169 Wightman Avenue, Norwich, CT 06360

3 beds • 3 baths • 2016 sqft

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This property looks like a bad Long-Term investment with a projected -11.83% first-year return on $109k initial cash invested.

-11.83%

Cash On Cash

4.05%

Cap Rate

0.66

DSCR

$3,388

Rent

-$1,073

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,388 income − $4,461 expenses = $1,073 out of pocket

Income$3,388Out of Pocket$1,073Mortgage P&I$2,65378%Property Taxes$74622%Insurance$1825%Management$33910%CapEx$1695%Vacancy$2036%Maintenance$1695%

Investment Breakdown

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Purchase Price

$518k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$104k

Closing costs

1%

$5,181

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,388

Total Expenses

$4,461

Mortgage P&I

78%

$2,653

Property Taxes

22%

$746

Home Insurance

5%

$182

HOA

0%

$0

Property Management

10%

$339

CapEx

5%

$169

Vacancy

6%

$203

Maintenance

5%

$169

Other

0%

$0

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