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75 Summit Street, Norwich, CT 06360

3 beds • 2 baths • 1126 sqft

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This property looks like a bad Airbnb investment with a projected -6.02% first-year return on $84,759 initial cash invested.

-6.02%

Cash On Cash

4.89%

Cap Rate

0.82

DSCR

$3,355

Rent

-$425

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,355 income − $3,780 expenses = $425 out of pocket

Income$3,355Out of Pocket$425Mortgage P&I$1,58647%Property Taxes$47014%Insurance$1143%Management$50315%CapEx$1344%Maintenance$1344%Other$83925%

Investment Breakdown

|

Purchase Price

$318k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,759

Downpayment

20%

$63,580

Closing costs

1%

$3,179

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,355

Total Expenses

$3,780

Mortgage P&I

47%

$1,586

Property Taxes

14%

$470

Home Insurance

3%

$114

HOA

0%

$0

Property Management

15%

$503

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$839

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