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$2,984 (target)

51 Florence Way #51, Farmington, CT 06032

3 beds • 3 baths • 2278 sqft

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This property looks like a bad Long-Term investment with a projected -16.36% first-year return on $113k initial cash invested.

-16.36%

Cash On Cash

3.07%

Cap Rate

0.5

DSCR

$2,984

Rent

-$1,546

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,984 income − $4,530 expenses = $1,546 out of pocket

Income$2,984Out of Pocket$1,546Mortgage P&I$2,77793%Property Taxes$46416%Insurance$1896%HOA$32511%Management$29810%CapEx$1495%Vacancy$1796%Maintenance$1495%

Investment Breakdown

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Purchase Price

$540k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$108k

Closing costs

1%

$5,399

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,984

Total Expenses

$4,530

Mortgage P&I

93%

$2,777

Property Taxes

16%

$464

Home Insurance

6%

$189

HOA

11%

$325

Property Management

10%

$298

CapEx

5%

$149

Vacancy

6%

$179

Maintenance

5%

$149

Other

0%

$0

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