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$8,818 (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 Mid-Term investment with a projected -6.69% first-year return on $259k initial cash invested.

-6.69%

Cash On Cash

5.01%

Cap Rate

0.81

DSCR

$8,818

Rent

-$1,443

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$8,818 income − $10,261 expenses = $1,443 out of pocket

Income$8,818Out of Pocket$1,443Mortgage P&I$5,87567%Property Taxes$1,04112%Insurance$3464%Management$1,05812%CapEx$3534%Vacancy$2653%Maintenance$3534%Other$97011%

Investment Breakdown

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Purchase Price

$1146k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$259k

Downpayment

20%

$229k

Closing costs

1%

$11,460

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$8,818

Total Expenses

$10,261

Mortgage P&I

67%

$5,875

Property Taxes

12%

$1,041

Home Insurance

4%

$346

HOA

0%

$0

Property Management

12%

$1,058

CapEx

4%

$353

Vacancy

3%

$265

Maintenance

4%

$353

Other

11%

$970

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