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$3,932 (target)

670 Hanover Road, Meriden, CT 06451

3 beds • 2 baths • 1586 sqft

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This property might be a fair Mid-Term investment with a projected 1.06% first-year return on $96,435 initial cash invested.

1.06%

Cash On Cash

6.7%

Cap Rate

1.13

DSCR

$3,932

Rent

$85

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,932 income − $3,847 expenses = $85 cash flow

Income$3,932Mortgage P&I$1,84447%Property Taxes$53514%Insurance$1313%Management$47212%CapEx$1574%Vacancy$1183%Maintenance$1574%Other$43311%Cash Flow$85

Investment Breakdown

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Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,435

Downpayment

20%

$74,700

Closing costs

1%

$3,735

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,932

Total Expenses

$3,847

Mortgage P&I

47%

$1,844

Property Taxes

14%

$535

Home Insurance

3%

$131

HOA

0%

$0

Property Management

12%

$472

CapEx

4%

$157

Vacancy

3%

$118

Maintenance

4%

$157

Other

11%

$433

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