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19 Melville Avenue, Meriden, CT 06451

3 beds • 3 baths • 1428 sqft

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This property looks like a bad Airbnb investment with a projected -19.35% first-year return on $90,912 initial cash invested.

-19.35%

Cash On Cash

1.24%

Cap Rate

0.2

DSCR

$1,731

Rent

-$1,466

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,731 income − $3,197 expenses = $1,466 out of pocket

Income$1,731Out of Pocket$1,466Mortgage P&I$1,756101%Property Taxes$48928%Insurance$1217%Management$26015%CapEx$694%Maintenance$694%Other$43325%

Investment Breakdown

|

Purchase Price

$347k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,912

Downpayment

20%

$69,440

Closing costs

1%

$3,472

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,731

Total Expenses

$3,197

Mortgage P&I

101%

$1,756

Property Taxes

28%

$489

Home Insurance

7%

$121

HOA

0%

$0

Property Management

15%

$260

CapEx

4%

$69

Vacancy

0%

$0

Maintenance

4%

$69

Other

25%

$433

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