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10 Laurel Lane, Prospect, CT 06712

3 beds • 2 baths • 1880 sqft

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This property looks like a bad Airbnb investment with a projected -9.39% first-year return on $123k initial cash invested.

-9.39%

Cash On Cash

4.05%

Cap Rate

0.68

DSCR

$4,260

Rent

-$961

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,260 income − $5,221 expenses = $961 out of pocket

Income$4,260Out of Pocket$961Mortgage P&I$2,47658%Property Taxes$52612%Insurance$1754%Management$63915%CapEx$1704%Maintenance$1704%Other$1,06525%

Investment Breakdown

|

Purchase Price

$499k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,800

Closing costs

1%

$4,990

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,260

Total Expenses

$5,221

Mortgage P&I

58%

$2,476

Property Taxes

12%

$526

Home Insurance

4%

$175

HOA

0%

$0

Property Management

15%

$639

CapEx

4%

$170

Vacancy

0%

$0

Maintenance

4%

$170

Other

25%

$1,065

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