REI Lense

REI Lense

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$3,556 (target)

36 Belmont Avenue, Meriden, CT 06451

3 beds • 3 baths • 1749 sqft

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This property looks like a bad Long-Term investment with a projected -9.57% first-year return on $107k initial cash invested.

-9.57%

Cash On Cash

4.58%

Cap Rate

0.74

DSCR

$3,556

Rent

-$855

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,556 income − $4,411 expenses = $855 out of pocket

Income$3,556Out of Pocket$855Mortgage P&I$2,62674%Property Taxes$68519%Insurance$1755%Management$35610%CapEx$1785%Vacancy$2136%Maintenance$1785%

Investment Breakdown

|

Purchase Price

$511k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$102k

Closing costs

1%

$5,106

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,556

Total Expenses

$4,411

Mortgage P&I

74%

$2,626

Property Taxes

19%

$685

Home Insurance

5%

$175

HOA

0%

$0

Property Management

10%

$356

CapEx

5%

$178

Vacancy

6%

$213

Maintenance

5%

$178

Other

0%

$0

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