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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 Airbnb investment with a projected -24.35% first-year return on $333k initial cash invested.

-24.35%

Cash On Cash

0.83%

Cap Rate

0.14

DSCR

$4,700

Rent

-$6,756

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

$333k

Downpayment

20%

$300k

Closing costs

1%

$15,000

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,700

Total Expenses

$11,456

Mortgage P&I

162%

$7,605

Property Taxes

23%

$1,070

Home Insurance

11%

$525

HOA

0%

$0

Property Management

15%

$705

CapEx

4%

$188

Vacancy

0%

$0

Maintenance

4%

$188

Other

25%

$1,175

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