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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 -18.52% first-year return on $151k initial cash invested.

-18.52%

Cash On Cash

1.75%

Cap Rate

0.3

DSCR

$3,107

Rent

-$2,335

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,107 income − $5,442 expenses = $2,335 out of pocket

Income$3,107Out of Pocket$2,335Mortgage P&I$3,137101%Property Taxes$59519%Insurance$2197%Management$46615%CapEx$1244%Maintenance$1244%Other$77725%

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

$3,107

Total Expenses

$5,442

Mortgage P&I

101%

$3,137

Property Taxes

19%

$595

Home Insurance

7%

$219

HOA

0%

$0

Property Management

15%

$466

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$777

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