REI Lense

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$2,270 (target)

602 North Main Street, Killingly, CT 06239

3 beds • 2 baths • 1467 sqft

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This property looks like a bad Long-Term investment with a projected -5.55% first-year return on $56,616 initial cash invested.

-5.55%

Cash On Cash

6.03%

Cap Rate

0.9

DSCR

$2,270

Rent

-$262

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,270 income − $2,532 expenses = $262 out of pocket

Income$2,270Out of Pocket$262Mortgage P&I$1,50366%Property Taxes$34415%Insurance$944%Management$22710%CapEx$1145%Vacancy$1366%Maintenance$1145%

Investment Breakdown

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Purchase Price

$270k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,616

Downpayment

20%

$53,920

Closing costs

1%

$2,696

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,270

Total Expenses

$2,532

Mortgage P&I

66%

$1,503

Property Taxes

15%

$344

Home Insurance

4%

$94

HOA

0%

$0

Property Management

10%

$227

CapEx

5%

$114

Vacancy

6%

$136

Maintenance

5%

$114

Other

0%

$0

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