REI Lense

REI Lense

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$3,017 (target)

95 Parkway South, New London, CT 06320

3 beds • 3 baths • 1963 sqft

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This property looks like a bad Long-Term investment with a projected -12.46% first-year return on $104k initial cash invested.

-12.46%

Cash On Cash

3.9%

Cap Rate

0.63

DSCR

$3,017

Rent

-$1,079

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,017 income − $4,096 expenses = $1,079 out of pocket

Income$3,017Out of Pocket$1,079Mortgage P&I$2,53584%Property Taxes$60320%Insurance$1736%Management$30210%CapEx$1515%Vacancy$1816%Maintenance$1515%

Investment Breakdown

|

Purchase Price

$495k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$99,000

Closing costs

1%

$4,950

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,017

Total Expenses

$4,096

Mortgage P&I

84%

$2,535

Property Taxes

20%

$603

Home Insurance

6%

$173

HOA

0%

$0

Property Management

10%

$302

CapEx

5%

$151

Vacancy

6%

$181

Maintenance

5%

$151

Other

0%

$0

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