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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 -18.33% first-year return on $85,347 initial cash invested.

-18.33%

Cash On Cash

1.34%

Cap Rate

0.22

DSCR

$1,575

Rent

-$1,304

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,575 income − $2,879 expenses = $1,304 out of pocket

Income$1,575Out of Pocket$1,304Mortgage P&I$1,600102%Property Taxes$41126%Insurance$1127%Management$23615%CapEx$634%Maintenance$634%Other$39425%

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

$1,575

Total Expenses

$2,879

Mortgage P&I

102%

$1,600

Property Taxes

26%

$411

Home Insurance

7%

$112

HOA

0%

$0

Property Management

15%

$236

CapEx

4%

$63

Vacancy

0%

$0

Maintenance

4%

$63

Other

25%

$394

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