REI Lense

REI Lense

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$2,895 (target)

35 High Ridge Drive, Newington, CT 06111

3 beds • 3 baths • 1724 sqft

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This property looks like a bad Long-Term investment with a projected -8.62% first-year return on $93,240 initial cash invested.

-8.62%

Cash On Cash

4.47%

Cap Rate

0.76

DSCR

$2,895

Rent

-$670

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$444k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,240

Downpayment

20%

$88,800

Closing costs

1%

$4,440

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,895

Total Expenses

$3,565

Mortgage P&I

75%

$2,179

Property Taxes

17%

$485

Home Insurance

5%

$147

HOA

0%

$0

Property Management

10%

$290

CapEx

5%

$145

Vacancy

6%

$174

Maintenance

5%

$145

Other

0%

$0

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