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2 Stony Ridge Road, Norwich, CT 06360

3 beds • 3 baths • 1787 sqft

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This property looks like a bad Airbnb investment with a projected -9.57% first-year return on $113k initial cash invested.

-9.57%

Cash On Cash

4.1%

Cap Rate

0.68

DSCR

$4,238

Rent

-$901

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,238 income − $5,139 expenses = $901 out of pocket

Income$4,238Out of Pocket$901Mortgage P&I$2,27454%Property Taxes$68416%Insurance$1453%Management$63615%CapEx$1704%Maintenance$1704%Other$1,06025%

Investment Breakdown

|

Purchase Price

$452k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,400

Closing costs

1%

$4,520

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,238

Total Expenses

$5,139

Mortgage P&I

54%

$2,274

Property Taxes

16%

$684

Home Insurance

3%

$145

HOA

0%

$0

Property Management

15%

$636

CapEx

4%

$170

Vacancy

0%

$0

Maintenance

4%

$170

Other

25%

$1,060

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