REI Lense

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$3,165 (target)

484 Old New London Road, Salem, CT 06420

3 beds • 2 baths • 1696 sqft

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This property looks like a bad Long-Term investment with a projected -10.25% first-year return on $109k initial cash invested.

-10.25%

Cash On Cash

4.29%

Cap Rate

0.71

DSCR

$3,165

Rent

-$933

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,165 income − $4,098 expenses = $933 out of pocket

Income$3,165Out of Pocket$933Mortgage P&I$2,63483%Property Taxes$45814%Insurance$1846%Management$31610%CapEx$1585%Vacancy$1906%Maintenance$1585%

Investment Breakdown

|

Purchase Price

$520k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$104k

Closing costs

1%

$5,202

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,165

Total Expenses

$4,098

Mortgage P&I

83%

$2,634

Property Taxes

14%

$458

Home Insurance

6%

$184

HOA

0%

$0

Property Management

10%

$316

CapEx

5%

$158

Vacancy

6%

$190

Maintenance

5%

$158

Other

0%

$0

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