REI Lense

REI Lense

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$2,985 (target)

314 Virgo Drive, Groton, CT 06340

3 beds • 2 baths • 2816 sqft

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This property looks like a bad Long-Term investment with a projected -8.83% first-year return on $93,765 initial cash invested.

-8.83%

Cash On Cash

4.66%

Cap Rate

0.76

DSCR

$2,985

Rent

-$690

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,985 income − $3,675 expenses = $690 out of pocket

Income$2,985Out of Pocket$690Mortgage P&I$2,27476%Property Taxes$47016%Insurance$1565%Management$29810%CapEx$1495%Vacancy$1796%Maintenance$1495%

Investment Breakdown

|

Purchase Price

$447k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,765

Downpayment

20%

$89,300

Closing costs

1%

$4,465

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,985

Total Expenses

$3,675

Mortgage P&I

76%

$2,274

Property Taxes

16%

$470

Home Insurance

5%

$156

HOA

0%

$0

Property Management

10%

$298

CapEx

5%

$149

Vacancy

6%

$179

Maintenance

5%

$149

Other

0%

$0

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