REI Lense

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$3,836 (target)

93 Flyers Drive, Norwich, CT 06360

3 beds • 2 baths • 1229 sqft

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This property might be a fair Mid-Term investment with a projected 3.37% first-year return on $89,106 initial cash invested.

3.37%

Cash On Cash

7.41%

Cap Rate

1.24

DSCR

$3,836

Rent

$250

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,836 income − $3,586 expenses = $250 cash flow

Income$3,836Mortgage P&I$1,68944%Property Taxes$48013%Insurance$1143%Management$46012%CapEx$1534%Vacancy$1153%Maintenance$1534%Other$42211%Cash Flow$250

Investment Breakdown

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Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,106

Downpayment

20%

$67,720

Closing costs

1%

$3,386

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,836

Total Expenses

$3,586

Mortgage P&I

44%

$1,689

Property Taxes

13%

$480

Home Insurance

3%

$114

HOA

0%

$0

Property Management

12%

$460

CapEx

4%

$153

Vacancy

3%

$115

Maintenance

4%

$153

Other

11%

$422

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