REI Lense

REI Lense

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Target property

9 Rocky Ridge Lane, Farmington, CT 06032

3 beds • 2 baths • 1290 sqft

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This property looks like a bad Airbnb investment with a projected -31.56% first-year return on $113k initial cash invested.

-31.56%

Cash On Cash

-1.88%

Cap Rate

-0.31

DSCR

$0

Rent

-$2,959

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$0 income − $2,959 expenses = $2,959 out of pocket

Income$0Out of Pocket$2,959Mortgage P&I$2,253Property Taxes$548Insurance$158

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,000

Closing costs

1%

$4,500

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$0

Total Expenses

$2,959

Mortgage P&I

22530000%

$2,253

Property Taxes

5480000%

$548

Home Insurance

1580000%

$158

HOA

0%

$0

Property Management

0%

$0

CapEx

0%

$0

Vacancy

0%

$0

Maintenance

0%

$0

Other

0%

$0

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