REI Lense

REI Lense

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$2,511 (target)

33 Collins Parkway, Meriden, CT 06450

3 beds • 2 baths • 1312 sqft

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This property looks like a bad Long-Term investment with a projected -9.43% first-year return on $75,936 initial cash invested.

-9.43%

Cash On Cash

4.64%

Cap Rate

0.75

DSCR

$2,511

Rent

-$597

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,511 income − $3,108 expenses = $597 out of pocket

Income$2,511Out of Pocket$597Mortgage P&I$1,86874%Property Taxes$46018%Insurance$1265%Management$25110%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

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Purchase Price

$362k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,936

Downpayment

20%

$72,320

Closing costs

1%

$3,616

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,511

Total Expenses

$3,108

Mortgage P&I

74%

$1,868

Property Taxes

18%

$460

Home Insurance

5%

$126

HOA

0%

$0

Property Management

10%

$251

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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