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229 Palmer St Extension, Norwich, CT 06360

3 beds • 2 baths • 1187 sqft

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This property looks like a bad Airbnb investment with a projected -16.56% first-year return on $86,229 initial cash invested.

-16.56%

Cash On Cash

2.05%

Cap Rate

0.33

DSCR

$2,012

Rent

-$1,190

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,012 income − $3,202 expenses = $1,190 out of pocket

Income$2,012Out of Pocket$1,190Mortgage P&I$1,66583%Property Taxes$45823%Insurance$1146%Management$30215%CapEx$804%Maintenance$804%Other$50325%

Investment Breakdown

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Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,229

Downpayment

20%

$64,980

Closing costs

1%

$3,249

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,012

Total Expenses

$3,202

Mortgage P&I

83%

$1,665

Property Taxes

23%

$458

Home Insurance

6%

$114

HOA

0%

$0

Property Management

15%

$302

CapEx

4%

$80

Vacancy

0%

$0

Maintenance

4%

$80

Other

25%

$503

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