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48 Edward Street, Newington, CT 06111

3 beds • 3 baths • 2220 sqft

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This property looks like a bad Airbnb investment with a projected -17.47% first-year return on $117k initial cash invested.

-17.47%

Cash On Cash

1.94%

Cap Rate

0.32

DSCR

$2,663

Rent

-$1,699

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,663 income − $4,362 expenses = $1,699 out of pocket

Income$2,663Out of Pocket$1,699Mortgage P&I$2,35388%Property Taxes$56421%Insurance$1666%Management$39915%CapEx$1074%Maintenance$1074%Other$66625%

Investment Breakdown

|

Purchase Price

$470k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,020

Closing costs

1%

$4,701

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,663

Total Expenses

$4,362

Mortgage P&I

88%

$2,353

Property Taxes

21%

$564

Home Insurance

6%

$166

HOA

0%

$0

Property Management

15%

$399

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$666

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