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22 Mediterranean Lane, Norwich, CT 06360

2 beds • 1 baths • 1529 sqft

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This property looks like a bad Airbnb investment with a projected -11.26% first-year return on $71,619 initial cash invested.

-11.26%

Cash On Cash

3.36%

Cap Rate

0.58

DSCR

$2,203

Rent

-$672

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,203 income − $2,875 expenses = $672 out of pocket

Income$2,203Out of Pocket$672Mortgage P&I$1,38063%Property Taxes$36617%Insurance$723%Management$33015%CapEx$884%Maintenance$884%Other$55125%

Investment Breakdown

|

Purchase Price

$284k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,619

Downpayment

20%

$56,780

Closing costs

1%

$2,839

Rehab

0%

$0

Furnishing

4%

$12,000

Cashflow

Total Income

$2,203

Total Expenses

$2,875

Mortgage P&I

63%

$1,380

Property Taxes

17%

$366

Home Insurance

3%

$72

HOA

0%

$0

Property Management

15%

$330

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$551

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