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$5,554 (target)

24 Island Hill Avenue, Ridgefield, CT 06877

3 beds • 4 baths • 2508 sqft

$1,074,500

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This property looks like a bad Long-Term investment with a projected -13.71% first-year return on $226k initial cash invested.

-13.71%

Cash On Cash

3.41%

Cap Rate

0.57

DSCR

$5,554

Rent

-$2,578

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,554 income − $8,132 expenses = $2,578 out of pocket

Income$5,554Out of Pocket$2,578Mortgage P&I$5,35596%Property Taxes$94817%Insurance$3857%Management$55510%CapEx$2785%Vacancy$3336%Maintenance$2785%

Investment Breakdown

|

Purchase Price

$1075k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$226k

Downpayment

20%

$215k

Closing costs

1%

$10,745

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$5,554

Total Expenses

$8,132

Mortgage P&I

96%

$5,355

Property Taxes

17%

$948

Home Insurance

7%

$385

HOA

0%

$0

Property Management

10%

$555

CapEx

5%

$278

Vacancy

6%

$333

Maintenance

5%

$278

Other

0%

$0

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