REI Lense

REI Lense

Unlock all features! Tap here to upgrade

35 High Ridge Drive, Newington, CT 06111

3 beds • 3 baths • 1724 sqft

Email

This property looks like a bad Airbnb investment with a projected -7.76% first-year return on $111k initial cash invested.

-7.76%

Cash On Cash

4.38%

Cap Rate

0.74

DSCR

$4,024

Rent

-$719

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,024 income − $4,743 expenses = $719 out of pocket

Income$4,024Out of Pocket$719Mortgage P&I$2,17954%Property Taxes$48512%Insurance$1474%Management$60415%CapEx$1614%Maintenance$1614%Other$1,00625%

Investment Breakdown

|

Purchase Price

$444k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,800

Closing costs

1%

$4,440

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,024

Total Expenses

$4,743

Mortgage P&I

54%

$2,179

Property Taxes

12%

$485

Home Insurance

4%

$147

HOA

0%

$0

Property Management

15%

$604

CapEx

4%

$161

Vacancy

0%

$0

Maintenance

4%

$161

Other

25%

$1,006

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis