REI Lense

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$3,364 (target)

17 Daniel Street, Norwich, CT 06360

3 beds • 2 baths • 1381 sqft

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This property might be a fair Mid-Term investment with a projected 6.84% first-year return on $72,584 initial cash invested.

6.84%

Cash On Cash

8.67%

Cap Rate

1.41

DSCR

$3,364

Rent

$414

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,364 income − $2,950 expenses = $414 cash flow

Income$3,364Mortgage P&I$1,32940%Property Taxes$38511%Insurance$913%Management$40412%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37011%Cash Flow$414

Investment Breakdown

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Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,584

Downpayment

20%

$51,985

Closing costs

1%

$2,599

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,364

Total Expenses

$2,950

Mortgage P&I

40%

$1,329

Property Taxes

11%

$385

Home Insurance

3%

$91

HOA

0%

$0

Property Management

12%

$404

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$370

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