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$5,879 (target)

2 Arnold Lane, Norwalk, CT 06853

3 beds • 2 baths • 1936 sqft

$1,146,000

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This property looks like a bad Long-Term investment with a projected -14.52% first-year return on $241k initial cash invested.

-14.52%

Cash On Cash

3.41%

Cap Rate

0.55

DSCR

$5,879

Rent

-$2,912

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,879 income − $8,791 expenses = $2,912 out of pocket

Income$5,879Out of Pocket$2,912Mortgage P&I$5,875100%Property Taxes$1,04118%Insurance$3466%Management$58810%CapEx$2945%Vacancy$3536%Maintenance$2945%

Investment Breakdown

|

Purchase Price

$1146k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$241k

Downpayment

20%

$229k

Closing costs

1%

$11,460

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$5,879

Total Expenses

$8,791

Mortgage P&I

100%

$5,875

Property Taxes

18%

$1,041

Home Insurance

6%

$346

HOA

0%

$0

Property Management

10%

$588

CapEx

5%

$294

Vacancy

6%

$353

Maintenance

5%

$294

Other

0%

$0

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