REI Lense

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$3,095 (target)

524 South Colony Street, Meriden, CT 06451

3 beds • 3 baths • 2364 sqft

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This property might be a fair Long-Term investment with a projected 2.96% first-year return on $67,347 initial cash invested.

2.96%

Cash On Cash

7.19%

Cap Rate

1.2

DSCR

$3,095

Rent

$166

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,095 income − $2,929 expenses = $166 cash flow

Income$3,095Mortgage P&I$1,60052%Property Taxes$41113%Insurance$1124%Management$31010%CapEx$1555%Vacancy$1866%Maintenance$1555%Cash Flow$166

Investment Breakdown

|

Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,347

Downpayment

20%

$64,140

Closing costs

1%

$3,207

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,095

Total Expenses

$2,929

Mortgage P&I

52%

$1,600

Property Taxes

13%

$411

Home Insurance

4%

$112

HOA

0%

$0

Property Management

10%

$310

CapEx

5%

$155

Vacancy

6%

$186

Maintenance

5%

$155

Other

0%

$0

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