REI Lense

REI Lense

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$2,506 (target)

60 Michael Avenue, East Hartford, CT 06108

3 beds • 2 baths • 1470 sqft

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This property looks like a bad Long-Term investment with a projected -5.39% first-year return on $67,431 initial cash invested.

-5.39%

Cash On Cash

5.31%

Cap Rate

0.89

DSCR

$2,506

Rent

-$303

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,506 income − $2,809 expenses = $303 out of pocket

Income$2,506Out of Pocket$303Mortgage P&I$1,60064%Property Taxes$45318%Insurance$1054%Management$25110%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,431

Downpayment

20%

$64,220

Closing costs

1%

$3,211

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,506

Total Expenses

$2,809

Mortgage P&I

64%

$1,600

Property Taxes

18%

$453

Home Insurance

4%

$105

HOA

0%

$0

Property Management

10%

$251

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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