REI Lense

REI Lense

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$2,753 (target)

822 Slater Road, New Britain, CT 06053

3 beds • 2 baths • 2890 sqft

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This property looks like a bad Long-Term investment with a projected -11.67% first-year return on $87,990 initial cash invested.

-11.67%

Cash On Cash

3.89%

Cap Rate

0.65

DSCR

$2,753

Rent

-$856

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,753 income − $3,609 expenses = $856 out of pocket

Income$2,753Out of Pocket$856Mortgage P&I$2,07775%Property Taxes$66924%Insurance$1475%Management$27510%CapEx$1385%Vacancy$1656%Maintenance$1385%

Investment Breakdown

|

Purchase Price

$419k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,990

Downpayment

20%

$83,800

Closing costs

1%

$4,190

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,753

Total Expenses

$3,609

Mortgage P&I

75%

$2,077

Property Taxes

24%

$669

Home Insurance

5%

$147

HOA

0%

$0

Property Management

10%

$275

CapEx

5%

$138

Vacancy

6%

$165

Maintenance

5%

$138

Other

0%

$0

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