REI Lense

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$5,052 (target)

38 Brookside Drive, Norwich, CT 06360

3 beds • 3 baths • 2464 sqft

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This property looks like a bad Mid-Term investment with a projected -5.47% first-year return on $136k initial cash invested.

-5.47%

Cash On Cash

5.3%

Cap Rate

0.86

DSCR

$5,052

Rent

-$621

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,052 income − $5,673 expenses = $621 out of pocket

Income$5,052Out of Pocket$621Mortgage P&I$2,90958%Property Taxes$85417%Insurance$1924%Management$60612%CapEx$2024%Vacancy$1523%Maintenance$2024%Other$55611%

Investment Breakdown

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Purchase Price

$563k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$136k

Downpayment

20%

$113k

Closing costs

1%

$5,634

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,052

Total Expenses

$5,673

Mortgage P&I

58%

$2,909

Property Taxes

17%

$854

Home Insurance

4%

$192

HOA

0%

$0

Property Management

12%

$606

CapEx

4%

$202

Vacancy

3%

$152

Maintenance

4%

$202

Other

11%

$556

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