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470 Rock Ridge Road, Fairfield, CT 06824

3 beds • 3 baths • 2798 sqft

$1,199,000

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This property looks like a bad Airbnb investment with a projected -20.66% first-year return on $270k initial cash invested.

-20.66%

Cash On Cash

1.62%

Cap Rate

0.27

DSCR

$5,426

Rent

-$4,644

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,426 income − $10,070 expenses = $4,644 out of pocket

Income$5,426Out of Pocket$4,644Mortgage P&I$6,045111%Property Taxes$95318%Insurance$4208%HOA$481%Management$81415%CapEx$2174%Maintenance$2174%Other$1,35625%

Investment Breakdown

|

Purchase Price

$1199k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$270k

Downpayment

20%

$240k

Closing costs

1%

$11,990

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,426

Total Expenses

$10,070

Mortgage P&I

111%

$6,045

Property Taxes

18%

$953

Home Insurance

8%

$420

HOA

1%

$48

Property Management

15%

$814

CapEx

4%

$217

Vacancy

0%

$0

Maintenance

4%

$217

Other

25%

$1,356

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