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240 Elm Street, Old Saybrook, CT 06475

3 beds • 2 baths • 1404 sqft

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This property looks like a bad Airbnb investment with a projected -5.38% first-year return on $120k initial cash invested.

-5.38%

Cash On Cash

5.09%

Cap Rate

0.85

DSCR

$4,512

Rent

-$538

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,512 income − $5,050 expenses = $538 out of pocket

Income$4,512Out of Pocket$538Mortgage P&I$2,42154%Property Taxes$2896%Insurance$1754%Management$67715%CapEx$1804%Maintenance$1804%Other$1,12825%

Investment Breakdown

|

Purchase Price

$486k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,200

Closing costs

1%

$4,860

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,512

Total Expenses

$5,050

Mortgage P&I

54%

$2,421

Property Taxes

6%

$289

Home Insurance

4%

$175

HOA

0%

$0

Property Management

15%

$677

CapEx

4%

$180

Vacancy

0%

$0

Maintenance

4%

$180

Other

25%

$1,128

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