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115 West Thames Street, Norwich, CT 06360

3 beds • 2 baths • 2108 sqft

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This property looks like a bad Airbnb investment with a projected -10.22% first-year return on $95,595 initial cash invested.

-10.22%

Cash On Cash

3.64%

Cap Rate

0.62

DSCR

$3,330

Rent

-$814

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,330 income − $4,144 expenses = $814 out of pocket

Income$3,330Out of Pocket$814Mortgage P&I$1,80354%Property Taxes$62119%Insurance$1224%Management$50015%CapEx$1334%Maintenance$1334%Other$83225%

Investment Breakdown

|

Purchase Price

$370k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,595

Downpayment

20%

$73,900

Closing costs

1%

$3,695

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,330

Total Expenses

$4,144

Mortgage P&I

54%

$1,803

Property Taxes

19%

$621

Home Insurance

4%

$122

HOA

0%

$0

Property Management

15%

$500

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$832

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