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$3,490 (target)

2 School Street, Norwich, CT 06360

3 beds • 2 baths • 1008 sqft

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This property might be a fair Mid-Term investment with a projected 5.59% first-year return on $79,026 initial cash invested.

5.59%

Cash On Cash

8.19%

Cap Rate

1.34

DSCR

$3,490

Rent

$368

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,490 income − $3,122 expenses = $368 cash flow

Income$3,490Mortgage P&I$1,47642%Property Taxes$37011%Insurance$883%Management$41912%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38411%Cash Flow$368

Investment Breakdown

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Purchase Price

$291k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,026

Downpayment

20%

$58,120

Closing costs

1%

$2,906

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,490

Total Expenses

$3,122

Mortgage P&I

42%

$1,476

Property Taxes

11%

$370

Home Insurance

3%

$88

HOA

0%

$0

Property Management

12%

$419

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$384

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