REI Lense

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$2,481 (target)

235 Summit Street, Manchester, CT 06042

3 beds • 2 baths • 1424 sqft

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This property looks like a bad Long-Term investment with a projected -8.86% first-year return on $73,815 initial cash invested.

-8.86%

Cash On Cash

4.57%

Cap Rate

0.76

DSCR

$2,481

Rent

-$545

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,481 income − $3,026 expenses = $545 out of pocket

Income$2,481Out of Pocket$545Mortgage P&I$1,76071%Property Taxes$47419%Insurance$1476%Management$24810%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

|

Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,815

Downpayment

20%

$70,300

Closing costs

1%

$3,515

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,481

Total Expenses

$3,026

Mortgage P&I

71%

$1,760

Property Taxes

19%

$474

Home Insurance

6%

$147

HOA

0%

$0

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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