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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 -16.32% first-year return on $108k initial cash invested.

-16.32%

Cash On Cash

2.38%

Cap Rate

0.38

DSCR

$2,748

Rent

-$1,473

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,748 income − $4,221 expenses = $1,473 out of pocket

Income$2,748Out of Pocket$1,473Mortgage P&I$2,21581%Property Taxes$53319%Insurance$1546%Management$41215%CapEx$1104%Maintenance$1104%Other$68725%

Investment Breakdown

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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

$2,748

Total Expenses

$4,221

Mortgage P&I

81%

$2,215

Property Taxes

19%

$533

Home Insurance

6%

$154

HOA

0%

$0

Property Management

15%

$412

CapEx

4%

$110

Vacancy

0%

$0

Maintenance

4%

$110

Other

25%

$687

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