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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 -17.3% first-year return on $108k initial cash invested.

-17.3%

Cash On Cash

2.11%

Cap Rate

0.34

DSCR

$2,576

Rent

-$1,562

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,576 income − $4,138 expenses = $1,562 out of pocket

Income$2,576Out of Pocket$1,562Mortgage P&I$2,21586%Property Taxes$53321%Insurance$1546%Management$38615%CapEx$1034%Maintenance$1034%Other$64425%

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

$2,576

Total Expenses

$4,138

Mortgage P&I

86%

$2,215

Property Taxes

21%

$533

Home Insurance

6%

$154

HOA

0%

$0

Property Management

15%

$386

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$644

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