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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 -18.27% first-year return on $86,229 initial cash invested.

-18.27%

Cash On Cash

1.56%

Cap Rate

0.25

DSCR

$1,777

Rent

-$1,313

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,777 income − $3,090 expenses = $1,313 out of pocket

Income$1,777Out of Pocket$1,313Mortgage P&I$1,66594%Property Taxes$45826%Insurance$1146%Management$26715%CapEx$714%Maintenance$714%Other$44425%

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

$1,777

Total Expenses

$3,090

Mortgage P&I

94%

$1,665

Property Taxes

26%

$458

Home Insurance

6%

$114

HOA

0%

$0

Property Management

15%

$267

CapEx

4%

$71

Vacancy

0%

$0

Maintenance

4%

$71

Other

25%

$444

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