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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 -22.08% first-year return on $270k initial cash invested.

-22.08%

Cash On Cash

1.27%

Cap Rate

0.21

DSCR

$4,808

Rent

-$4,965

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,808 income − $9,773 expenses = $4,965 out of pocket

Income$4,808Out of Pocket$4,965Mortgage P&I$6,045126%Property Taxes$95320%Insurance$4209%HOA$481%Management$72115%CapEx$1924%Maintenance$1924%Other$1,20225%

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

$4,808

Total Expenses

$9,773

Mortgage P&I

126%

$6,045

Property Taxes

20%

$953

Home Insurance

9%

$420

HOA

1%

$48

Property Management

15%

$721

CapEx

4%

$192

Vacancy

0%

$0

Maintenance

4%

$192

Other

25%

$1,202

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