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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 -19.46% first-year return on $99,879 initial cash invested.

-19.46%

Cash On Cash

1.4%

Cap Rate

0.23

DSCR

$2,212

Rent

-$1,620

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,212 income − $3,832 expenses = $1,620 out of pocket

Income$2,212Out of Pocket$1,620Mortgage P&I$1,98690%Property Taxes$64929%Insurance$1366%Management$33215%CapEx$884%Maintenance$884%Other$55325%

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

$2,212

Total Expenses

$3,832

Mortgage P&I

90%

$1,986

Property Taxes

29%

$649

Home Insurance

6%

$136

HOA

0%

$0

Property Management

15%

$332

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$553

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