REI Lense

REI Lense

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$2,302 (target)

178 New Hanover Avenue, Meriden, CT 06451

3 beds • 2 baths • 1234 sqft

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This property looks like a bad Long-Term investment with a projected -10.9% first-year return on $65,730 initial cash invested.

-10.9%

Cash On Cash

4.35%

Cap Rate

0.7

DSCR

$2,302

Rent

-$597

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,302 income − $2,899 expenses = $597 out of pocket

Income$2,302Out of Pocket$597Mortgage P&I$1,61770%Property Taxes$57625%Insurance$1085%Management$23010%CapEx$1155%Vacancy$1386%Maintenance$1155%

Investment Breakdown

|

Purchase Price

$313k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,730

Downpayment

20%

$62,600

Closing costs

1%

$3,130

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,302

Total Expenses

$2,899

Mortgage P&I

70%

$1,617

Property Taxes

25%

$576

Home Insurance

5%

$108

HOA

0%

$0

Property Management

10%

$230

CapEx

5%

$115

Vacancy

6%

$138

Maintenance

5%

$115

Other

0%

$0

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