REI Lense

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$4,701 (target)

83 Forest Drive, Newington, CT 06111

3 beds • 2 baths • 1232 sqft

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This property might be a fair Mid-Term investment with a projected 0.2% first-year return on $118k initial cash invested.

0.2%

Cash On Cash

6.5%

Cap Rate

1.09

DSCR

$4,701

Rent

$20

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,701 income − $4,681 expenses = $20 cash flow

Income$4,701Mortgage P&I$2,37050%Property Taxes$56312%Insurance$1503%Management$56412%CapEx$1884%Vacancy$1413%Maintenance$1884%Other$51711%Cash Flow$20

Investment Breakdown

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Purchase Price

$476k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,120

Closing costs

1%

$4,756

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,701

Total Expenses

$4,681

Mortgage P&I

50%

$2,370

Property Taxes

12%

$563

Home Insurance

3%

$150

HOA

0%

$0

Property Management

12%

$564

CapEx

4%

$188

Vacancy

3%

$141

Maintenance

4%

$188

Other

11%

$517

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