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$7,449 (target)

2 Studio Lane, Norwalk, CT 06850

3 beds • 3 baths • 3070 sqft

$1,065,200

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This property looks like a bad Long-Term investment with a projected -5.92% first-year return on $224k initial cash invested.

-5.92%

Cash On Cash

5.14%

Cap Rate

0.86

DSCR

$7,449

Rent

-$1,104

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,449 income − $8,553 expenses = $1,104 out of pocket

Income$7,449Out of Pocket$1,104Mortgage P&I$5,29971%Property Taxes$1,00313%Insurance$3154%Management$74510%CapEx$3725%Vacancy$4476%Maintenance$3725%

Investment Breakdown

|

Purchase Price

$1065k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$224k

Downpayment

20%

$213k

Closing costs

1%

$10,652

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$7,449

Total Expenses

$8,553

Mortgage P&I

71%

$5,299

Property Taxes

13%

$1,003

Home Insurance

4%

$315

HOA

0%

$0

Property Management

10%

$745

CapEx

5%

$372

Vacancy

6%

$447

Maintenance

5%

$372

Other

0%

$0

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