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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 -16.78% first-year return on $99,879 initial cash invested.

-16.78%

Cash On Cash

2.14%

Cap Rate

0.35

DSCR

$2,643

Rent

-$1,397

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,643 income − $4,040 expenses = $1,397 out of pocket

Income$2,643Out of Pocket$1,397Mortgage P&I$1,98675%Property Taxes$64925%Insurance$1365%Management$39615%CapEx$1064%Maintenance$1064%Other$66125%

Investment Breakdown

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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

$2,643

Total Expenses

$4,040

Mortgage P&I

75%

$1,986

Property Taxes

25%

$649

Home Insurance

5%

$136

HOA

0%

$0

Property Management

15%

$396

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$661

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