REI Lense

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$2,481 (target)

53 Prospect St, Bloomfield, CT 06002

3 beds • 1.5 baths • 1303 sqft

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This property looks like a bad Long-Term investment with a projected -7.17% first-year return on $74,130 initial cash invested.

-7.17%

Cash On Cash

5.07%

Cap Rate

0.82

DSCR

$2,481

Rent

-$443

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,481 income − $2,924 expenses = $443 out of pocket

Income$2,481Out of Pocket$443Mortgage P&I$1,81173%Property Taxes$38015%Insurance$884%Management$24810%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

|

Purchase Price

$353k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,130

Downpayment

20%

$70,600

Closing costs

1%

$3,530

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,481

Total Expenses

$2,924

Mortgage P&I

73%

$1,811

Property Taxes

15%

$380

Home Insurance

4%

$88

HOA

0%

$0

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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