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$7,269 (target)

224 Marvin Ridge Road, New Canaan, CT 06840

3 beds • 3 baths • 3122 sqft

$1,500,000

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This property looks like a bad Long-Term investment with a projected -14.55% first-year return on $315k initial cash invested.

-14.55%

Cash On Cash

3.32%

Cap Rate

0.55

DSCR

$7,269

Rent

-$3,820

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$1500k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$315k

Downpayment

20%

$300k

Closing costs

1%

$15,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$7,269

Total Expenses

$11,089

Mortgage P&I

105%

$7,605

Property Taxes

15%

$1,070

Home Insurance

7%

$525

HOA

0%

$0

Property Management

10%

$727

CapEx

5%

$363

Vacancy

6%

$436

Maintenance

5%

$363

Other

0%

$0

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