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$4,642 (target)

524 South Colony Street, Meriden, CT 06451

3 beds • 3 baths • 2364 sqft

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This property could be a profitable Mid-Term investment with a projected 13.22% first-year return on $85,347 initial cash invested.

13.22%

Cash On Cash

10.2%

Cap Rate

1.7

DSCR

$4,642

Rent

$940

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,642 income − $3,702 expenses = $940 cash flow

Income$4,642Mortgage P&I$1,60034%Property Taxes$4119%Insurance$1122%Management$55712%CapEx$1864%Vacancy$1393%Maintenance$1864%Other$51111%Cash Flow$940

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,347

Downpayment

20%

$64,140

Closing costs

1%

$3,207

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$4,642

Total Expenses

$3,702

Mortgage P&I

34%

$1,600

Property Taxes

9%

$411

Home Insurance

2%

$112

HOA

0%

$0

Property Management

12%

$557

CapEx

4%

$186

Vacancy

3%

$139

Maintenance

4%

$186

Other

11%

$511

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