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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 -19.08% first-year return on $168k initial cash invested.

-19.08%

Cash On Cash

2.09%

Cap Rate

0.33

DSCR

$4,105

Rent

-$2,677

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,105 income − $6,782 expenses = $2,677 out of pocket

Income$4,105Out of Pocket$2,677Mortgage P&I$3,76292%Property Taxes$79619%Insurance$2546%Management$61615%CapEx$1644%Maintenance$1644%Other$1,02625%

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

$4,105

Total Expenses

$6,782

Mortgage P&I

92%

$3,762

Property Taxes

19%

$796

Home Insurance

6%

$254

HOA

0%

$0

Property Management

15%

$616

CapEx

4%

$164

Vacancy

0%

$0

Maintenance

4%

$164

Other

25%

$1,026

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