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37 Cranberry Lane, Middletown, CT 06457

3 beds • 4 baths • 3644 sqft

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This property looks like a bad Airbnb investment with a projected -21.03% first-year return on $157k initial cash invested.

-21.03%

Cash On Cash

1.45%

Cap Rate

0.24

DSCR

$3,773

Rent

-$2,744

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,773 income − $6,517 expenses = $2,744 out of pocket

Income$3,773Out of Pocket$2,744Mortgage P&I$3,39390%Property Taxes$1,09629%Insurance$2176%Management$56615%CapEx$1514%Maintenance$1514%Other$94325%

Investment Breakdown

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Purchase Price

$660k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$157k

Downpayment

20%

$132k

Closing costs

1%

$6,600

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,773

Total Expenses

$6,517

Mortgage P&I

90%

$3,393

Property Taxes

29%

$1,096

Home Insurance

6%

$217

HOA

0%

$0

Property Management

15%

$566

CapEx

4%

$151

Vacancy

0%

$0

Maintenance

4%

$151

Other

25%

$943

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