REI Lense

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$2,557 (target)

93 Flyers Drive, Norwich, CT 06360

3 beds • 2 baths • 1229 sqft

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This property looks like a bad Long-Term investment with a projected -6.6% first-year return on $71,106 initial cash invested.

-6.6%

Cash On Cash

5.05%

Cap Rate

0.84

DSCR

$2,557

Rent

-$391

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,557 income − $2,948 expenses = $391 out of pocket

Income$2,557Out of Pocket$391Mortgage P&I$1,68966%Property Taxes$48019%Insurance$1144%Management$25610%CapEx$1285%Vacancy$1536%Maintenance$1285%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,106

Downpayment

20%

$67,720

Closing costs

1%

$3,386

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,557

Total Expenses

$2,948

Mortgage P&I

66%

$1,689

Property Taxes

19%

$480

Home Insurance

4%

$114

HOA

0%

$0

Property Management

10%

$256

CapEx

5%

$128

Vacancy

6%

$153

Maintenance

5%

$128

Other

0%

$0

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