REI Lense

REI Lense

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$3,046 (target)

21 Penee Lane, Colchester, CT 06415

3 beds • 2 baths • 1456 sqft

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This property looks like a bad Long-Term investment with a projected -6.85% first-year return on $90,069 initial cash invested.

-6.85%

Cash On Cash

5.02%

Cap Rate

0.83

DSCR

$3,046

Rent

-$514

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,046 income − $3,560 expenses = $514 out of pocket

Income$3,046Out of Pocket$514Mortgage P&I$2,15771%Property Taxes$46115%Insurance$1505%Management$30510%CapEx$1525%Vacancy$1836%Maintenance$1525%

Investment Breakdown

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Purchase Price

$429k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,069

Downpayment

20%

$85,780

Closing costs

1%

$4,289

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,046

Total Expenses

$3,560

Mortgage P&I

71%

$2,157

Property Taxes

15%

$461

Home Insurance

5%

$150

HOA

0%

$0

Property Management

10%

$305

CapEx

5%

$152

Vacancy

6%

$183

Maintenance

5%

$152

Other

0%

$0

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