REI Lense

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$2,799 (target)

193 Ridge Road, Middletown, CT 06457

3 beds • 2 baths • 1525 sqft

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This property looks like a bad Long-Term investment with a projected -5.05% first-year return on $73,962 initial cash invested.

-5.05%

Cash On Cash

5.47%

Cap Rate

0.9

DSCR

$2,799

Rent

-$311

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,799 income − $3,110 expenses = $311 out of pocket

Income$2,799Out of Pocket$311Mortgage P&I$1,77563%Property Taxes$47717%Insurance$1305%Management$28010%CapEx$1405%Vacancy$1686%Maintenance$1405%

Investment Breakdown

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Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,962

Downpayment

20%

$70,440

Closing costs

1%

$3,522

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,799

Total Expenses

$3,110

Mortgage P&I

63%

$1,775

Property Taxes

17%

$477

Home Insurance

5%

$130

HOA

0%

$0

Property Management

10%

$280

CapEx

5%

$140

Vacancy

6%

$168

Maintenance

5%

$140

Other

0%

$0

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