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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 -21.21% first-year return on $86,229 initial cash invested.

-21.21%

Cash On Cash

0.72%

Cap Rate

0.12

DSCR

$1,372

Rent

-$1,524

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,372 income − $2,896 expenses = $1,524 out of pocket

Income$1,372Out of Pocket$1,524Mortgage P&I$1,665121%Property Taxes$45833%Insurance$1148%Management$20615%CapEx$554%Maintenance$554%Other$34325%

Investment Breakdown

|

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

$1,372

Total Expenses

$2,896

Mortgage P&I

121%

$1,665

Property Taxes

33%

$458

Home Insurance

8%

$114

HOA

0%

$0

Property Management

15%

$206

CapEx

4%

$55

Vacancy

0%

$0

Maintenance

4%

$55

Other

25%

$343

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