REI Lense

REI Lense

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$2,411 (target)

345 Harland Road, Norwich, CT 06360

3 beds • 2 baths • 1008 sqft

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This property looks like a bad Long-Term investment with a projected -11.87% first-year return on $83,979 initial cash invested.

-11.87%

Cash On Cash

4.18%

Cap Rate

0.66

DSCR

$2,411

Rent

-$831

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,411 income − $3,242 expenses = $831 out of pocket

Income$2,411Out of Pocket$831Mortgage P&I$2,10287%Property Taxes$37215%Insurance$1406%Management$24110%CapEx$1215%Vacancy$1456%Maintenance$1215%

Investment Breakdown

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Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,979

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,411

Total Expenses

$3,242

Mortgage P&I

87%

$2,102

Property Taxes

15%

$372

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$241

CapEx

5%

$121

Vacancy

6%

$145

Maintenance

5%

$121

Other

0%

$0

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