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210 Forsyth Road, Salem, CT 06420

3 beds • 3 baths • 2996 sqft

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This property looks like a bad Airbnb investment with a projected -18.61% first-year return on $168k initial cash invested.

-18.61%

Cash On Cash

2.21%

Cap Rate

0.35

DSCR

$4,232

Rent

-$2,611

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,232 income − $6,843 expenses = $2,611 out of pocket

Income$4,232Out of Pocket$2,611Mortgage P&I$3,76289%Property Taxes$79619%Insurance$2546%Management$63515%CapEx$1694%Maintenance$1694%Other$1,05825%

Investment Breakdown

|

Purchase Price

$716k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$168k

Downpayment

20%

$143k

Closing costs

1%

$7,159

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,232

Total Expenses

$6,843

Mortgage P&I

89%

$3,762

Property Taxes

19%

$796

Home Insurance

6%

$254

HOA

0%

$0

Property Management

15%

$635

CapEx

4%

$169

Vacancy

0%

$0

Maintenance

4%

$169

Other

25%

$1,058

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