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57 Iron Street, Ledyard, CT 06339

3 beds • 2 baths • 2024 sqft

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This property looks like a bad Airbnb investment with a projected -18.54% first-year return on $108k initial cash invested.

-18.54%

Cash On Cash

1.77%

Cap Rate

0.29

DSCR

$2,360

Rent

-$1,674

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,360 income − $4,034 expenses = $1,674 out of pocket

Income$2,360Out of Pocket$1,674Mortgage P&I$2,21594%Property Taxes$53323%Insurance$1547%Management$35415%CapEx$944%Maintenance$944%Other$59025%

Investment Breakdown

|

Purchase Price

$430k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$86,040

Closing costs

1%

$4,302

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,360

Total Expenses

$4,034

Mortgage P&I

94%

$2,215

Property Taxes

23%

$533

Home Insurance

7%

$154

HOA

0%

$0

Property Management

15%

$354

CapEx

4%

$94

Vacancy

0%

$0

Maintenance

4%

$94

Other

25%

$590

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