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15 Cornfield Lane, Madison, CT 06443

3 beds • 3 baths • 1848 sqft

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This property looks like a bad Airbnb investment with a projected -7.78% first-year return on $151k initial cash invested.

-7.78%

Cash On Cash

4.51%

Cap Rate

0.76

DSCR

$5,710

Rent

-$981

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,710 income − $6,691 expenses = $981 out of pocket

Income$5,710Out of Pocket$981Mortgage P&I$3,13755%Property Taxes$59510%Insurance$2194%Management$85615%CapEx$2284%Maintenance$2284%Other$1,42825%

Investment Breakdown

|

Purchase Price

$635k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$151k

Downpayment

20%

$127k

Closing costs

1%

$6,347

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,710

Total Expenses

$6,691

Mortgage P&I

55%

$3,137

Property Taxes

10%

$595

Home Insurance

4%

$219

HOA

0%

$0

Property Management

15%

$856

CapEx

4%

$228

Vacancy

0%

$0

Maintenance

4%

$228

Other

25%

$1,428

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