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171 Oregon Road, Meriden, CT 06451

5 beds • 3 baths • 3650 sqft

$1,199,000

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This property looks like a bad Airbnb investment with a projected -14.83% first-year return on $282k initial cash invested.

-14.83%

Cash On Cash

3.01%

Cap Rate

0.48

DSCR

$6,490

Rent

-$3,483

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,490 income − $9,973 expenses = $3,483 out of pocket

Income$6,490Out of Pocket$3,483Mortgage P&I$6,23196%Property Taxes$2063%Insurance$4206%Management$97415%CapEx$2604%Maintenance$2604%Other$1,62225%

Investment Breakdown

|

Purchase Price

$1199k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$282k

Downpayment

20%

$240k

Closing costs

1%

$11,990

Rehab

0%

$0

Furnishing

3%

$30,000

Cashflow

Total Income

$6,490

Total Expenses

$9,973

Mortgage P&I

96%

$6,231

Property Taxes

3%

$206

Home Insurance

6%

$420

HOA

0%

$0

Property Management

15%

$974

CapEx

4%

$260

Vacancy

0%

$0

Maintenance

4%

$260

Other

25%

$1,622

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