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$8,331 (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 Mid-Term investment with a projected -5.86% first-year return on $244k initial cash invested.

-5.86%

Cash On Cash

5.02%

Cap Rate

0.84

DSCR

$8,331

Rent

-$1,189

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$8,331 income − $9,520 expenses = $1,189 out of pocket

Income$8,331Out of Pocket$1,189Mortgage P&I$5,35564%Property Taxes$94811%Insurance$3855%Management$1,00012%CapEx$3334%Vacancy$2503%Maintenance$3334%Other$91611%

Investment Breakdown

|

Purchase Price

$1075k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$244k

Downpayment

20%

$215k

Closing costs

1%

$10,745

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$8,331

Total Expenses

$9,520

Mortgage P&I

64%

$5,355

Property Taxes

11%

$948

Home Insurance

5%

$385

HOA

0%

$0

Property Management

12%

$1,000

CapEx

4%

$333

Vacancy

3%

$250

Maintenance

4%

$333

Other

11%

$916

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