REI Lense

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$2,327 (target)

2 School Street, Norwich, CT 06360

3 beds • 2 baths • 1008 sqft

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This property looks like a bad Long-Term investment with a projected -4.17% first-year return on $61,026 initial cash invested.

-4.17%

Cash On Cash

5.7%

Cap Rate

0.93

DSCR

$2,327

Rent

-$212

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,327 income − $2,539 expenses = $212 out of pocket

Income$2,327Out of Pocket$212Mortgage P&I$1,47663%Property Taxes$37016%Insurance$884%Management$23310%CapEx$1165%Vacancy$1406%Maintenance$1165%

Investment Breakdown

|

Purchase Price

$291k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,026

Downpayment

20%

$58,120

Closing costs

1%

$2,906

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,327

Total Expenses

$2,539

Mortgage P&I

63%

$1,476

Property Taxes

16%

$370

Home Insurance

4%

$88

HOA

0%

$0

Property Management

10%

$233

CapEx

5%

$116

Vacancy

6%

$140

Maintenance

5%

$116

Other

0%

$0

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