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56 Terry Road, Gales Ferry, CT 06335

3 beds • 3 baths • 1788 sqft

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This property looks like a bad Airbnb investment with a projected -2.61% first-year return on $106k initial cash invested.

-2.61%

Cash On Cash

6.09%

Cap Rate

0.99

DSCR

$4,998

Rent

-$230

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,998 income − $5,228 expenses = $230 out of pocket

Income$4,998Out of Pocket$230Mortgage P&I$2,15543%Property Taxes$52310%Insurance$1503%Management$75015%CapEx$2004%Maintenance$2004%Other$1,25025%

Investment Breakdown

|

Purchase Price

$419k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,700

Closing costs

1%

$4,185

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,998

Total Expenses

$5,228

Mortgage P&I

43%

$2,155

Property Taxes

10%

$523

Home Insurance

3%

$150

HOA

0%

$0

Property Management

15%

$750

CapEx

4%

$200

Vacancy

0%

$0

Maintenance

4%

$200

Other

25%

$1,250

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