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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 -28.39% first-year return on $333k initial cash invested.

-28.39%

Cash On Cash

-0.14%

Cap Rate

-0.02

DSCR

$2,544

Rent

-$7,878

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,544 income − $10,422 expenses = $7,878 out of pocket

Income$2,544Out of Pocket$7,878Mortgage P&I$7,605299%Property Taxes$1,07042%Insurance$52521%Management$38215%CapEx$1024%Maintenance$1024%Other$63625%

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

$2,544

Total Expenses

$10,422

Mortgage P&I

299%

$7,605

Property Taxes

42%

$1,070

Home Insurance

21%

$525

HOA

0%

$0

Property Management

15%

$382

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$636

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