REI Lense

REI Lense

Unlock all features! Tap here to upgrade

524 South Colony Street, Meriden, CT 06451

3 beds • 3 baths • 2364 sqft

Email

This property looks like a bad Airbnb investment with a projected -21.5% first-year return on $85,347 initial cash invested.

-21.5%

Cash On Cash

0.44%

Cap Rate

0.07

DSCR

$1,143

Rent

-$1,529

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,143 income − $2,672 expenses = $1,529 out of pocket

Income$1,143Out of Pocket$1,529Mortgage P&I$1,600140%Property Taxes$41136%Insurance$11210%Management$17115%CapEx$464%Maintenance$464%Other$28625%

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

$1,143

Total Expenses

$2,672

Mortgage P&I

140%

$1,600

Property Taxes

36%

$411

Home Insurance

10%

$112

HOA

0%

$0

Property Management

15%

$171

CapEx

4%

$46

Vacancy

0%

$0

Maintenance

4%

$46

Other

25%

$286

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis