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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 Airbnb investment with a projected -21.26% first-year return on $244k initial cash invested.

-21.26%

Cash On Cash

1.36%

Cap Rate

0.23

DSCR

$4,559

Rent

-$4,317

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,559 income − $8,876 expenses = $4,317 out of pocket

Income$4,559Out of Pocket$4,317Mortgage P&I$5,355117%Property Taxes$94821%Insurance$3858%Management$68415%CapEx$1824%Maintenance$1824%Other$1,14025%

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

$4,559

Total Expenses

$8,876

Mortgage P&I

117%

$5,355

Property Taxes

21%

$948

Home Insurance

8%

$385

HOA

0%

$0

Property Management

15%

$684

CapEx

4%

$182

Vacancy

0%

$0

Maintenance

4%

$182

Other

25%

$1,140

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