REI Lense

REI Lense

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$2,912 (target)

48 Edward Street, Newington, CT 06111

3 beds • 3 baths • 2220 sqft

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This property looks like a bad Long-Term investment with a projected -11.29% first-year return on $98,721 initial cash invested.

-11.29%

Cash On Cash

4.01%

Cap Rate

0.67

DSCR

$2,912

Rent

-$929

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,912 income − $3,841 expenses = $929 out of pocket

Income$2,912Out of Pocket$929Mortgage P&I$2,35381%Property Taxes$56419%Insurance$1666%Management$29110%CapEx$1465%Vacancy$1756%Maintenance$1465%

Investment Breakdown

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Purchase Price

$470k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,721

Downpayment

20%

$94,020

Closing costs

1%

$4,701

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,912

Total Expenses

$3,841

Mortgage P&I

81%

$2,353

Property Taxes

19%

$564

Home Insurance

6%

$166

HOA

0%

$0

Property Management

10%

$291

CapEx

5%

$146

Vacancy

6%

$175

Maintenance

5%

$146

Other

0%

$0

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