REI Lense

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$3,437 (target)

40 Vincent Drive, Newington, CT 06111

3 beds • 3 baths • 1734 sqft

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This property looks like a bad Long-Term investment with a projected -4.14% first-year return on $90,090 initial cash invested.

-4.14%

Cash On Cash

5.62%

Cap Rate

0.94

DSCR

$3,437

Rent

-$311

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,437 income − $3,748 expenses = $311 out of pocket

Income$3,437Out of Pocket$311Mortgage P&I$2,14862%Property Taxes$55716%Insurance$1494%Management$34410%CapEx$1725%Vacancy$2066%Maintenance$1725%

Investment Breakdown

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Purchase Price

$429k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,090

Downpayment

20%

$85,800

Closing costs

1%

$4,290

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,437

Total Expenses

$3,748

Mortgage P&I

63%

$2,148

Property Taxes

16%

$557

Home Insurance

4%

$149

HOA

0%

$0

Property Management

10%

$344

CapEx

5%

$172

Vacancy

6%

$206

Maintenance

5%

$172

Other

0%

$0

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