REI Lense

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$3,960 (target)

3 Summer Wind, Cromwell, CT 06416

3 beds • 3 baths • 3014 sqft

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This property looks like a bad Long-Term investment with a projected -15.5% first-year return on $158k initial cash invested.

-15.5%

Cash On Cash

3.15%

Cap Rate

0.52

DSCR

$3,960

Rent

-$2,037

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,960 income − $5,997 expenses = $2,037 out of pocket

Income$3,960Out of Pocket$2,037Mortgage P&I$3,81196%Property Taxes$90223%Insurance$2546%Management$39610%CapEx$1985%Vacancy$2386%Maintenance$1985%

Investment Breakdown

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Purchase Price

$751k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$158k

Downpayment

20%

$150k

Closing costs

1%

$7,508

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,960

Total Expenses

$5,997

Mortgage P&I

96%

$3,811

Property Taxes

23%

$902

Home Insurance

6%

$254

HOA

0%

$0

Property Management

10%

$396

CapEx

5%

$198

Vacancy

6%

$238

Maintenance

5%

$198

Other

0%

$0

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