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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 -24.64% first-year return on $333k initial cash invested.

-24.64%

Cash On Cash

0.76%

Cap Rate

0.12

DSCR

$4,545

Rent

-$6,837

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,545 income − $11,382 expenses = $6,837 out of pocket

Income$4,545Out of Pocket$6,837Mortgage P&I$7,605167%Property Taxes$1,07024%Insurance$52512%Management$68215%CapEx$1824%Maintenance$1824%Other$1,13625%

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

$4,545

Total Expenses

$11,382

Mortgage P&I

167%

$7,605

Property Taxes

24%

$1,070

Home Insurance

12%

$525

HOA

0%

$0

Property Management

15%

$682

CapEx

4%

$182

Vacancy

0%

$0

Maintenance

4%

$182

Other

25%

$1,136

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