REI Lense

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$4,102 (target)

48 Meadow Lane, Manchester, CT 06040

3 beds • 2 baths • 1760 sqft

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This property looks like a bad Mid-Term investment with a projected -3.96% first-year return on $103k initial cash invested.

-3.96%

Cash On Cash

6.12%

Cap Rate

0.92

DSCR

$4,102

Rent

-$340

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,102 income − $4,442 expenses = $340 out of pocket

Income$4,102Out of Pocket$340Mortgage P&I$2,24255%Property Taxes$66416%Insurance$1423%Management$49212%CapEx$1644%Vacancy$1233%Maintenance$1644%Other$45111%

Investment Breakdown

|

Purchase Price

$405k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,980

Closing costs

1%

$4,049

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,102

Total Expenses

$4,442

Mortgage P&I

55%

$2,242

Property Taxes

16%

$664

Home Insurance

3%

$142

HOA

0%

$0

Property Management

12%

$492

CapEx

4%

$164

Vacancy

3%

$123

Maintenance

4%

$164

Other

11%

$451

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