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1 Walter Ave APT 40, Norwalk, CT 06851

1 beds • 1 baths • 574 sqft

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This property looks like a bad Airbnb investment with a projected -2.33% first-year return on $53,082 initial cash invested.

-2.33%

Cash On Cash

6.1%

Cap Rate

1

DSCR

$2,597

Rent

-$103

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,597 income − $2,700 expenses = $103 out of pocket

Income$2,597Out of Pocket$103Mortgage P&I$1,13844%Property Taxes$2379%Insurance$783%Management$39015%CapEx$1044%Maintenance$1044%Other$64925%

Investment Breakdown

|

Purchase Price

$224k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$53,082

Downpayment

20%

$44,840

Closing costs

1%

$2,242

Rehab

0%

$0

Furnishing

3%

$6,000

Cashflow

Total Income

$2,597

Total Expenses

$2,700

Mortgage P&I

44%

$1,138

Property Taxes

9%

$237

Home Insurance

3%

$78

HOA

0%

$0

Property Management

15%

$390

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$649

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