REI Lense

REI Lense

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$3,235 (target)

2 Stony Ridge Road, Norwich, CT 06360

3 beds • 3 baths • 1787 sqft

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This property looks like a bad Long-Term investment with a projected -8.98% first-year return on $94,920 initial cash invested.

-8.98%

Cash On Cash

4.58%

Cap Rate

0.76

DSCR

$3,235

Rent

-$710

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,235 income − $3,945 expenses = $710 out of pocket

Income$3,235Out of Pocket$710Mortgage P&I$2,27470%Property Taxes$68421%Insurance$1454%Management$32410%CapEx$1625%Vacancy$1946%Maintenance$1625%

Investment Breakdown

|

Purchase Price

$452k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,920

Downpayment

20%

$90,400

Closing costs

1%

$4,520

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,235

Total Expenses

$3,945

Mortgage P&I

70%

$2,274

Property Taxes

21%

$684

Home Insurance

4%

$145

HOA

0%

$0

Property Management

10%

$324

CapEx

5%

$162

Vacancy

6%

$194

Maintenance

5%

$162

Other

0%

$0

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