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377 Jefferson Avenue, New London, CT 06320

3 beds • 2 baths • 1442 sqft

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This property looks like a bad Airbnb investment with a projected -10.28% first-year return on $70,500 initial cash invested.

-10.28%

Cash On Cash

3.7%

Cap Rate

0.6

DSCR

$2,118

Rent

-$604

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,118 income − $2,722 expenses = $604 out of pocket

Income$2,118Out of Pocket$604Mortgage P&I$1,28961%Property Taxes$32715%Insurance$884%Management$31815%CapEx$854%Maintenance$854%Other$53025%

Investment Breakdown

|

Purchase Price

$250k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,500

Downpayment

20%

$50,000

Closing costs

1%

$2,500

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,118

Total Expenses

$2,722

Mortgage P&I

61%

$1,289

Property Taxes

15%

$327

Home Insurance

4%

$88

HOA

0%

$0

Property Management

15%

$318

CapEx

4%

$85

Vacancy

0%

$0

Maintenance

4%

$85

Other

25%

$530

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