REI Lense

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$3,042 (target)

6 Dennis Drive, New Britain, CT 06053

3 beds • 3 baths • 2414 sqft

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This property looks like a bad Long-Term investment with a projected -11.07% first-year return on $90,195 initial cash invested.

-11.07%

Cash On Cash

4.24%

Cap Rate

0.69

DSCR

$3,042

Rent

-$832

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,042 income − $3,874 expenses = $832 out of pocket

Income$3,042Out of Pocket$832Mortgage P&I$2,19972%Property Taxes$73524%Insurance$1495%Management$30410%CapEx$1525%Vacancy$1836%Maintenance$1525%

Investment Breakdown

|

Purchase Price

$430k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,195

Downpayment

20%

$85,900

Closing costs

1%

$4,295

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,042

Total Expenses

$3,874

Mortgage P&I

72%

$2,199

Property Taxes

24%

$735

Home Insurance

5%

$149

HOA

0%

$0

Property Management

10%

$304

CapEx

5%

$152

Vacancy

6%

$183

Maintenance

5%

$152

Other

0%

$0

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