REI Lense

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$2,621 (target)

670 Hanover Road, Meriden, CT 06451

3 beds • 2 baths • 1586 sqft

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This property looks like a bad Long-Term investment with a projected -8.72% first-year return on $78,435 initial cash invested.

-8.72%

Cash On Cash

4.51%

Cap Rate

0.76

DSCR

$2,621

Rent

-$570

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,621 income − $3,191 expenses = $570 out of pocket

Income$2,621Out of Pocket$570Mortgage P&I$1,84470%Property Taxes$53520%Insurance$1315%Management$26210%CapEx$1315%Vacancy$1576%Maintenance$1315%

Investment Breakdown

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Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,435

Downpayment

20%

$74,700

Closing costs

1%

$3,735

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,621

Total Expenses

$3,191

Mortgage P&I

70%

$1,844

Property Taxes

20%

$535

Home Insurance

5%

$131

HOA

0%

$0

Property Management

10%

$262

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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