REI Lense

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$3,616 (target)

345 Harland Road, Norwich, CT 06360

3 beds • 2 baths • 1008 sqft

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This property looks like a bad Mid-Term investment with a projected -2.68% first-year return on $102k initial cash invested.

-2.68%

Cash On Cash

6.06%

Cap Rate

0.96

DSCR

$3,616

Rent

-$228

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,616 income − $3,844 expenses = $228 out of pocket

Income$3,616Out of Pocket$228Mortgage P&I$2,10258%Property Taxes$37210%Insurance$1404%Management$43412%CapEx$1454%Vacancy$1083%Maintenance$1454%Other$39811%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,616

Total Expenses

$3,844

Mortgage P&I

58%

$2,102

Property Taxes

10%

$372

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$434

CapEx

4%

$145

Vacancy

3%

$108

Maintenance

4%

$145

Other

11%

$398

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