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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 -21.75% first-year return on $270k initial cash invested.

-21.75%

Cash On Cash

1.36%

Cap Rate

0.22

DSCR

$4,954

Rent

-$4,889

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,954 income − $9,843 expenses = $4,889 out of pocket

Income$4,954Out of Pocket$4,889Mortgage P&I$6,045122%Property Taxes$95319%Insurance$4208%HOA$481%Management$74315%CapEx$1984%Maintenance$1984%Other$1,23825%

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

$4,954

Total Expenses

$9,843

Mortgage P&I

122%

$6,045

Property Taxes

19%

$953

Home Insurance

8%

$420

HOA

1%

$48

Property Management

15%

$743

CapEx

4%

$198

Vacancy

0%

$0

Maintenance

4%

$198

Other

25%

$1,238

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