REI Lense

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$2,606 (target)

23 Meadowood Lane, Old Saybrook, CT 06475

3 beds • 2 baths • 1818 sqft

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This property looks like a bad Long-Term investment with a projected -18.23% first-year return on $141k initial cash invested.

-18.23%

Cash On Cash

2.49%

Cap Rate

0.41

DSCR

$2,606

Rent

-$2,139

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,606 income − $4,745 expenses = $2,139 out of pocket

Income$2,606Out of Pocket$2,139Mortgage P&I$3,402131%Property Taxes$43217%Insurance$2349%Management$26110%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$671k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$141k

Downpayment

20%

$134k

Closing costs

1%

$6,705

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,606

Total Expenses

$4,745

Mortgage P&I

131%

$3,402

Property Taxes

17%

$432

Home Insurance

9%

$234

HOA

0%

$0

Property Management

10%

$261

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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