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1563 Old North Colony Road, Meriden, CT 06450

3 beds • 2 baths • 2280 sqft

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This property looks like a bad Airbnb investment with a projected -13.67% first-year return on $99,879 initial cash invested.

-13.67%

Cash On Cash

3%

Cap Rate

0.49

DSCR

$3,141

Rent

-$1,138

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,141 income − $4,279 expenses = $1,138 out of pocket

Income$3,141Out of Pocket$1,138Mortgage P&I$1,98663%Property Taxes$64921%Insurance$1364%Management$47115%CapEx$1264%Maintenance$1264%Other$78525%

Investment Breakdown

|

Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,879

Downpayment

20%

$77,980

Closing costs

1%

$3,899

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,141

Total Expenses

$4,279

Mortgage P&I

63%

$1,986

Property Taxes

21%

$649

Home Insurance

4%

$136

HOA

0%

$0

Property Management

15%

$471

CapEx

4%

$126

Vacancy

0%

$0

Maintenance

4%

$126

Other

25%

$785

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