REI Lense

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$4,244 (target)

47 Lambert Drive, Norwich, CT 06360

3 beds • 2 baths • 1736 sqft

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This property might be a fair Mid-Term investment with a projected 4.57% first-year return on $94,188 initial cash invested.

4.57%

Cash On Cash

7.92%

Cap Rate

1.28

DSCR

$4,244

Rent

$359

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,244 income − $3,885 expenses = $359 cash flow

Income$4,244Mortgage P&I$1,86644%Property Taxes$46211%Insurance$1143%Management$50912%CapEx$1704%Vacancy$1273%Maintenance$1704%Other$46711%Cash Flow$359

Investment Breakdown

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Purchase Price

$363k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,188

Downpayment

20%

$72,560

Closing costs

1%

$3,628

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,244

Total Expenses

$3,885

Mortgage P&I

44%

$1,866

Property Taxes

11%

$462

Home Insurance

3%

$114

HOA

0%

$0

Property Management

12%

$509

CapEx

4%

$170

Vacancy

3%

$127

Maintenance

4%

$170

Other

11%

$467

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