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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 -11% first-year return on $113k initial cash invested.

-11%

Cash On Cash

3.71%

Cap Rate

0.61

DSCR

$3,976

Rent

-$1,035

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,976 income − $5,011 expenses = $1,035 out of pocket

Income$3,976Out of Pocket$1,035Mortgage P&I$2,27457%Property Taxes$68417%Insurance$1454%Management$59615%CapEx$1594%Maintenance$1594%Other$99425%

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

$3,976

Total Expenses

$5,011

Mortgage P&I

57%

$2,274

Property Taxes

17%

$684

Home Insurance

4%

$145

HOA

0%

$0

Property Management

15%

$596

CapEx

4%

$159

Vacancy

0%

$0

Maintenance

4%

$159

Other

25%

$994

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