REI Lense

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$3,536 (target)

240 Elm Street, Old Saybrook, CT 06475

3 beds • 2 baths • 1404 sqft

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This property looks like a bad Long-Term investment with a projected -3.16% first-year return on $102k initial cash invested.

-3.16%

Cash On Cash

5.75%

Cap Rate

0.96

DSCR

$3,536

Rent

-$269

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,536 income − $3,805 expenses = $269 out of pocket

Income$3,536Out of Pocket$269Mortgage P&I$2,42168%Property Taxes$2898%Insurance$1755%Management$35410%CapEx$1775%Vacancy$2126%Maintenance$1775%

Investment Breakdown

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Purchase Price

$486k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$97,200

Closing costs

1%

$4,860

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,536

Total Expenses

$3,805

Mortgage P&I

68%

$2,421

Property Taxes

8%

$289

Home Insurance

5%

$175

HOA

0%

$0

Property Management

10%

$354

CapEx

5%

$177

Vacancy

6%

$212

Maintenance

5%

$177

Other

0%

$0

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