REI Lense

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$4,476 (target)

51 Florence Way #51, Farmington, CT 06032

3 beds • 3 baths • 2278 sqft

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This property looks like a bad Mid-Term investment with a projected -7.31% first-year return on $131k initial cash invested.

-7.31%

Cash On Cash

4.79%

Cap Rate

0.78

DSCR

$4,476

Rent

-$800

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,476 income − $5,276 expenses = $800 out of pocket

Income$4,476Out of Pocket$800Mortgage P&I$2,77762%Property Taxes$46410%Insurance$1894%HOA$3257%Management$53712%CapEx$1794%Vacancy$1343%Maintenance$1794%Other$49211%

Investment Breakdown

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Purchase Price

$540k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$108k

Closing costs

1%

$5,399

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,476

Total Expenses

$5,276

Mortgage P&I

62%

$2,777

Property Taxes

10%

$464

Home Insurance

4%

$189

HOA

7%

$325

Property Management

12%

$537

CapEx

4%

$179

Vacancy

3%

$134

Maintenance

4%

$179

Other

11%

$492

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