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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 -28.95% first-year return on $395k initial cash invested.

-28.95%

Cash On Cash

0.06%

Cap Rate

0.01

DSCR

$3,752

Rent

-$9,528

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,752 income − $13,280 expenses = $9,528 out of pocket

Income$3,752Out of Pocket$9,528Mortgage P&I$9,468252%Property Taxes$1,38337%Insurance$62817%Management$56315%CapEx$1504%Maintenance$1504%Other$93825%

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

$3,752

Total Expenses

$13,280

Mortgage P&I

252%

$9,468

Property Taxes

37%

$1,383

Home Insurance

17%

$628

HOA

0%

$0

Property Management

15%

$563

CapEx

4%

$150

Vacancy

0%

$0

Maintenance

4%

$150

Other

25%

$938

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