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$8,008 (target)

209 Merwins Lane, Fairfield, CT 06824

3 beds • 2 baths • 1521 sqft

$1,053,400

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This property looks like a bad Mid-Term investment with a projected -6.82% first-year return on $239k initial cash invested.

-6.82%

Cash On Cash

4.91%

Cap Rate

0.81

DSCR

$8,008

Rent

-$1,359

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$8,008 income − $9,367 expenses = $1,359 out of pocket

Income$8,008Out of Pocket$1,359Mortgage P&I$5,34967%Property Taxes$91111%Insurance$3855%Management$96112%CapEx$3204%Vacancy$2403%Maintenance$3204%Other$88111%

Investment Breakdown

|

Purchase Price

$1053k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$239k

Downpayment

20%

$211k

Closing costs

1%

$10,534

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$8,008

Total Expenses

$9,367

Mortgage P&I

67%

$5,349

Property Taxes

11%

$911

Home Insurance

5%

$385

HOA

0%

$0

Property Management

12%

$961

CapEx

4%

$320

Vacancy

3%

$240

Maintenance

4%

$320

Other

11%

$881

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