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$3,759 (target)

60 Michael Avenue, East Hartford, CT 06108

3 beds • 2 baths • 1470 sqft

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This property might be a fair Mid-Term investment with a projected 4.55% first-year return on $85,431 initial cash invested.

4.55%

Cash On Cash

7.75%

Cap Rate

1.3

DSCR

$3,759

Rent

$324

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,759 income − $3,435 expenses = $324 cash flow

Income$3,759Mortgage P&I$1,60043%Property Taxes$45312%Insurance$1053%Management$45112%CapEx$1504%Vacancy$1133%Maintenance$1504%Other$41311%Cash Flow$324

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,431

Downpayment

20%

$64,220

Closing costs

1%

$3,211

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,759

Total Expenses

$3,435

Mortgage P&I

43%

$1,600

Property Taxes

12%

$453

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$451

CapEx

4%

$150

Vacancy

3%

$113

Maintenance

4%

$150

Other

11%

$413

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