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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 -17.96% first-year return on $244k initial cash invested.

-17.96%

Cash On Cash

2.17%

Cap Rate

0.36

DSCR

$5,849

Rent

-$3,646

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,849 income − $9,495 expenses = $3,646 out of pocket

Income$5,849Out of Pocket$3,646Mortgage P&I$5,35592%Property Taxes$94816%Insurance$3857%Management$87715%CapEx$2344%Maintenance$2344%Other$1,46225%

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

$5,849

Total Expenses

$9,495

Mortgage P&I

92%

$5,355

Property Taxes

16%

$948

Home Insurance

7%

$385

HOA

0%

$0

Property Management

15%

$877

CapEx

4%

$234

Vacancy

0%

$0

Maintenance

4%

$234

Other

25%

$1,462

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