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$949,999

Under Contract
203 Wildflower Ln, Fairfield, CT 06824
5 Beds
4 Baths
3,022 Square Feet
0.00 Acres Lot
Built in 1964
Under Contract
Units n/a
Checked: 11 hours ago
Updated: Jun 06, 2025 at 03:14AM

Investment Summary


Monthly Cash Flow
-$2,404
Cap Rate
2.6%
Cash-on-Cash Return
-13.2%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-8.8%

Property Description


0.00 Acres Lot
Built in 1964
Under Contract
Units n/a

Tucked at the end of a cul-de-sac in Greenfield Hill, this sprawling ranch offers an incredible opportunity to create your dream home. A welcoming front porch leads into a living room with hardwood floors & fireplace. Continue to the heart of the home, the bright and expansive open concept kitchen, dining area & family room under soaring vaulted ceilings. Walls of windows, skylights, and sliders bathe the space in natural light. The kitchen has everything you need for easy food prep and entertaining and has an incredible amount of counter space and cabinetry. A pantry, half bath, walk-in laundry room/mudroom & 2 car attached garage add to the home's functionality. On the other side, 4 bedrooms & 2 full baths provide generous living quarters. The partially finished LL is the perfect bonus room, office or gym. The in-law apartment is complete with a kitchenette, living room, bedroom, full bath, laundry, access from the main house and a private entrance. Outside, the oversized deck and level lawn are perfect for hosting summer BBQs and you'll be the envy of the neighborhood with the cozy firepit area and in-ground pool once you enhance it to your liking. With solid bones and incredible living space, the potential is ready for your vision. Set on 2+ acres, this property has direct access to Brett Woods hiking trails, yet is minutes to Fairfield and Westport. 203 Wildflower Lane has nature in its name and is sure to provide you with the tranquil sanctuary you're looking for. As-is

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Location


Property Details


Parking

  • Description: Garage
  • Details: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 12
  • Basement: Yes
  • Basement Description: Full, Partially Finished, Storage Space
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • Foundation: Concrete Perimeter
  • Roof Type: Gable
  • Roof Material: Asphalt
  • Pool: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Duplex

Lot Information

  • Parcel ID: FAIRM:256B:9
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1964

Tax Information

  • Annual Tax: $12,987

Utilities

  • Water & Sewer: Well
  • Heating: Oil, Hot Water
  • Cooling: Central Air

Location

  • County: Fairfield

Listing Details


Listed by:
Sarah Pritchard Provenzano
William Raveis Real Estate

Source:
SmartMLS
MLS#: 24081516
SmartMLS

Investment Summary


Monthly Cash Flow
-$2,404
Cap Rate
2.6%
Cash-on-Cash Return
-13.2%
Debt Coverage Ratio
0.47
Internal Rate of Return (5 years)
-8.8%

Purchase Details

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Purchase price:
$949,999
Amount financed:
-$759,999
Down payment:
$190,000
Closing costs:
$28,500
Rehab costs:
$0
Initial cash invested:
$218,500
Square feet:
3,022
Cost per square foot:
$314
Monthly rent per square foot:
$1.52

Financing Details

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Loan amount:
$759,999
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$4,496
Property tax:
$1,082
Insurance:
$322
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,900

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,600 $55,200
Vacancy loss: (6%)
6% -$276 -$3,312
Operating income:
$4,324 $51,888

Operating Expenses


% Rent Monthly Yearly
Property taxes: (24%)
24%-$1,082-$12,987
Insurance: (7%)
7%-$322-$3,864
Property management: (8%)
8%-$368-$4,416
Repairs & maintenance: (5%)
5%-$230-$2,760
Capital expenditures: (5%)
5%-$230-$2,760
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (49%)
49%-$2,232-$26,787

Cash Flow


Monthly Yearly
Net operating income:
$2,092 $25,104
Mortgage payments:
-$4,496 -$53,952
Cash flow:
$2,404 $28,848