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524 South Colony Street, Meriden, CT 06451

3 beds • 3 baths • 2364 sqft

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This property looks like a bad Airbnb investment with a projected -21.16% first-year return on $85,347 initial cash invested.

-21.16%

Cash On Cash

0.53%

Cap Rate

0.09

DSCR

$1,187

Rent

-$1,505

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,187 income − $2,692 expenses = $1,505 out of pocket

Income$1,187Out of Pocket$1,505Mortgage P&I$1,600135%Property Taxes$41135%Insurance$1129%Management$17815%CapEx$474%Maintenance$474%Other$29725%

Investment Breakdown

|

Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,347

Downpayment

20%

$64,140

Closing costs

1%

$3,207

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$1,187

Total Expenses

$2,692

Mortgage P&I

135%

$1,600

Property Taxes

35%

$411

Home Insurance

9%

$112

HOA

0%

$0

Property Management

15%

$178

CapEx

4%

$47

Vacancy

0%

$0

Maintenance

4%

$47

Other

25%

$297

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