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$5,034 (target)

599 Spring Street, Manchester, CT 06040

3 beds • 3 baths • 2623 sqft

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This property looks like a bad Mid-Term investment with a projected -5.69% first-year return on $135k initial cash invested.

-5.69%

Cash On Cash

5.25%

Cap Rate

0.85

DSCR

$5,034

Rent

-$639

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,034 income − $5,673 expenses = $639 out of pocket

Income$5,034Out of Pocket$639Mortgage P&I$2,87157%Property Taxes$89918%Insurance$1924%Management$60412%CapEx$2014%Vacancy$1513%Maintenance$2014%Other$55411%

Investment Breakdown

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Purchase Price

$556k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$135k

Downpayment

20%

$111k

Closing costs

1%

$5,559

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,034

Total Expenses

$5,673

Mortgage P&I

57%

$2,871

Property Taxes

18%

$899

Home Insurance

4%

$192

HOA

0%

$0

Property Management

12%

$604

CapEx

4%

$201

Vacancy

3%

$151

Maintenance

4%

$201

Other

11%

$554

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