REI Lense

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$4,198 (target)

193 Ridge Road, Middletown, CT 06457

3 beds • 2 baths • 1525 sqft

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This property might be a fair Mid-Term investment with a projected 5.06% first-year return on $91,962 initial cash invested.

5.06%

Cash On Cash

7.94%

Cap Rate

1.31

DSCR

$4,198

Rent

$388

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,198 income − $3,810 expenses = $388 cash flow

Income$4,198Mortgage P&I$1,77542%Property Taxes$47711%Insurance$1303%Management$50412%CapEx$1684%Vacancy$1263%Maintenance$1684%Other$46211%Cash Flow$388

Investment Breakdown

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Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,962

Downpayment

20%

$70,440

Closing costs

1%

$3,522

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,198

Total Expenses

$3,810

Mortgage P&I

42%

$1,775

Property Taxes

11%

$477

Home Insurance

3%

$130

HOA

0%

$0

Property Management

12%

$504

CapEx

4%

$168

Vacancy

3%

$126

Maintenance

4%

$168

Other

11%

$462

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