REI Lense

REI Lense

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$3,246 (target)

22 Mediterranean Lane, Norwich, CT 06360

2 beds • 1 baths • 1529 sqft

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This property might be a fair Mid-Term investment with a projected 5.43% first-year return on $71,619 initial cash invested.

5.43%

Cash On Cash

7.75%

Cap Rate

1.33

DSCR

$3,246

Rent

$324

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,619

Downpayment

20%

$56,780

Closing costs

1%

$2,839

Rehab

0%

$0

Furnishing

4%

$12,000

Cashflow

Total Income

$3,246

Total Expenses

$2,922

Mortgage P&I

43%

$1,380

Property Taxes

11%

$366

Home Insurance

2%

$72

HOA

0%

$0

Property Management

12%

$390

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$357

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