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112 Spring Street, Glastonbury, CT 06033

3 beds • 2 baths • 1584 sqft

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This property looks like a bad Airbnb investment with a projected -17.16% first-year return on $120k initial cash invested.

-17.16%

Cash On Cash

2.14%

Cap Rate

0.35

DSCR

$2,897

Rent

-$1,720

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,897 income − $4,617 expenses = $1,720 out of pocket

Income$2,897Out of Pocket$1,720Mortgage P&I$2,47285%Property Taxes$58120%Insurance$1736%Management$43515%CapEx$1164%Maintenance$1164%Other$72425%

Investment Breakdown

|

Purchase Price

$487k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,400

Closing costs

1%

$4,870

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,897

Total Expenses

$4,617

Mortgage P&I

85%

$2,472

Property Taxes

20%

$581

Home Insurance

6%

$173

HOA

0%

$0

Property Management

15%

$435

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$724

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