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$10,506 (target)

9 Morehouse Lane, Norwalk, CT 06850

3 beds • 3 baths • 4043 sqft

$1,654,000

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This property looks like a bad Mid-Term investment with a projected -11.12% first-year return on $365k initial cash invested.

-11.12%

Cash On Cash

3.81%

Cap Rate

0.64

DSCR

$10,506

Rent

-$3,386

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$10,506 income − $13,892 expenses = $3,386 out of pocket

Income$10,506Out of Pocket$3,386Mortgage P&I$8,21978%Property Taxes$1,68116%Insurance$4204%Management$1,26112%CapEx$4204%Vacancy$3153%Maintenance$4204%Other$1,15611%

Investment Breakdown

|

Purchase Price

$1654k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$365k

Downpayment

20%

$331k

Closing costs

1%

$16,540

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$10,506

Total Expenses

$13,892

Mortgage P&I

78%

$8,219

Property Taxes

16%

$1,681

Home Insurance

4%

$420

HOA

0%

$0

Property Management

12%

$1,261

CapEx

4%

$420

Vacancy

3%

$315

Maintenance

4%

$420

Other

11%

$1,156

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