REI Lense

REI Lense

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$3,025 (target)

728 Long Cove Road, Gales Ferry, CT 06335

3 beds • 2 baths • 1478 sqft

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This property looks like a bad Long-Term investment with a projected -10.28% first-year return on $90,678 initial cash invested.

-10.28%

Cash On Cash

4.46%

Cap Rate

0.72

DSCR

$3,025

Rent

-$777

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,025 income − $3,802 expenses = $777 out of pocket

Income$3,025Out of Pocket$777Mortgage P&I$2,23074%Property Taxes$63421%Insurance$1525%Management$30210%CapEx$1515%Vacancy$1826%Maintenance$1515%

Investment Breakdown

|

Purchase Price

$432k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,678

Downpayment

20%

$86,360

Closing costs

1%

$4,318

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,025

Total Expenses

$3,802

Mortgage P&I

74%

$2,230

Property Taxes

21%

$634

Home Insurance

5%

$152

HOA

0%

$0

Property Management

10%

$302

CapEx

5%

$151

Vacancy

6%

$182

Maintenance

5%

$151

Other

0%

$0

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