REI Lense

REI Lense

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$2,494 (target)

172 Carpenter Avenue, Meriden, CT 06450

3 beds • 3 baths • 1852 sqft

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This property looks like a bad Long-Term investment with a projected -14.29% first-year return on $83,832 initial cash invested.

-14.29%

Cash On Cash

3.44%

Cap Rate

0.57

DSCR

$2,494

Rent

-$998

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,494 income − $3,492 expenses = $998 out of pocket

Income$2,494Out of Pocket$998Mortgage P&I$2,01681%Property Taxes$69628%Insurance$1315%Management$24910%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

|

Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,832

Downpayment

20%

$79,840

Closing costs

1%

$3,992

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,494

Total Expenses

$3,492

Mortgage P&I

81%

$2,016

Property Taxes

28%

$696

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$249

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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