REI Lense

REI Lense

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$2,403 (target)

75 Summit Street, Norwich, CT 06360

3 beds • 2 baths • 1126 sqft

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This property looks like a bad Long-Term investment with a projected -7.03% first-year return on $66,759 initial cash invested.

-7.03%

Cash On Cash

4.96%

Cap Rate

0.83

DSCR

$2,403

Rent

-$391

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,403 income − $2,794 expenses = $391 out of pocket

Income$2,403Out of Pocket$391Mortgage P&I$1,58666%Property Taxes$47020%Insurance$1145%Management$24010%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$318k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,759

Downpayment

20%

$63,580

Closing costs

1%

$3,179

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,403

Total Expenses

$2,794

Mortgage P&I

66%

$1,586

Property Taxes

20%

$470

Home Insurance

5%

$114

HOA

0%

$0

Property Management

10%

$240

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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