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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 -16.54% first-year return on $157k initial cash invested.

-16.54%

Cash On Cash

2.6%

Cap Rate

0.42

DSCR

$4,898

Rent

-$2,159

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,898 income − $7,057 expenses = $2,159 out of pocket

Income$4,898Out of Pocket$2,159Mortgage P&I$3,39369%Property Taxes$1,09622%Insurance$2174%Management$73515%CapEx$1964%Maintenance$1964%Other$1,22425%

Investment Breakdown

|

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

$4,898

Total Expenses

$7,057

Mortgage P&I

69%

$3,393

Property Taxes

22%

$1,096

Home Insurance

4%

$217

HOA

0%

$0

Property Management

15%

$735

CapEx

4%

$196

Vacancy

0%

$0

Maintenance

4%

$196

Other

25%

$1,224

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