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$3,730 (target)

32 Ives Avenue, Meriden, CT 06450

3 beds • 2 baths • 1200 sqft

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This property might be a fair Mid-Term investment with a projected 2.63% first-year return on $87,468 initial cash invested.

2.63%

Cash On Cash

7.24%

Cap Rate

1.21

DSCR

$3,730

Rent

$192

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,730 income − $3,538 expenses = $192 cash flow

Income$3,730Mortgage P&I$1,65644%Property Taxes$49213%Insurance$1223%Management$44812%CapEx$1494%Vacancy$1123%Maintenance$1494%Other$41011%Cash Flow$192

Investment Breakdown

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Purchase Price

$331k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,468

Downpayment

20%

$66,160

Closing costs

1%

$3,308

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,730

Total Expenses

$3,538

Mortgage P&I

44%

$1,656

Property Taxes

13%

$492

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$448

CapEx

4%

$149

Vacancy

3%

$112

Maintenance

4%

$149

Other

11%

$410

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