REI Lense

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$2,518 (target)

420 Asylum Street, Norwich, CT 06360

3 beds • 2 baths • 1881 sqft

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This property looks like a bad Long-Term investment with a projected -6.33% first-year return on $64,407 initial cash invested.

-6.33%

Cash On Cash

5.15%

Cap Rate

0.86

DSCR

$2,518

Rent

-$340

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,518 income − $2,858 expenses = $340 out of pocket

Income$2,518Out of Pocket$340Mortgage P&I$1,52961%Property Taxes$56622%Insurance$1084%Management$25210%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

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Purchase Price

$307k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,407

Downpayment

20%

$61,340

Closing costs

1%

$3,067

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,518

Total Expenses

$2,858

Mortgage P&I

61%

$1,529

Property Taxes

22%

$566

Home Insurance

4%

$108

HOA

0%

$0

Property Management

10%

$252

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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