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97 Overlook Drive, New Canaan, CT 06840

3 beds • 3 baths • 3132 sqft

$1,795,000

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This property looks like a bad Airbnb investment with a projected -29.51% first-year return on $395k initial cash invested.

-29.51%

Cash On Cash

-0.07%

Cap Rate

-0.01

DSCR

$3,398

Rent

-$9,713

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,398 income − $13,111 expenses = $9,713 out of pocket

Income$3,398Out of Pocket$9,713Mortgage P&I$9,468279%Property Taxes$1,38341%Insurance$62818%Management$51015%CapEx$1364%Maintenance$1364%Other$85025%

Investment Breakdown

|

Purchase Price

$1795k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$395k

Downpayment

20%

$359k

Closing costs

1%

$17,950

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$3,398

Total Expenses

$13,111

Mortgage P&I

279%

$9,468

Property Taxes

41%

$1,383

Home Insurance

18%

$628

HOA

0%

$0

Property Management

15%

$510

CapEx

4%

$136

Vacancy

0%

$0

Maintenance

4%

$136

Other

25%

$850

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