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35 High Ridge Drive, Newington, CT 06111

3 beds • 3 baths • 1724 sqft

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This property looks like a bad Airbnb investment with a projected -3.32% first-year return on $111k initial cash invested.

-3.32%

Cash On Cash

5.58%

Cap Rate

0.95

DSCR

$4,815

Rent

-$308

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,815 income − $5,123 expenses = $308 out of pocket

Income$4,815Out of Pocket$308Mortgage P&I$2,17945%Property Taxes$48510%Insurance$1473%Management$72215%CapEx$1934%Maintenance$1934%Other$1,20425%

Investment Breakdown

|

Purchase Price

$444k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,800

Closing costs

1%

$4,440

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,815

Total Expenses

$5,123

Mortgage P&I

45%

$2,179

Property Taxes

10%

$485

Home Insurance

3%

$147

HOA

0%

$0

Property Management

15%

$722

CapEx

4%

$193

Vacancy

0%

$0

Maintenance

4%

$193

Other

25%

$1,204

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