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$914,900

For Sale - Active
274 High St, Fairfield, CT 06824
3 Beds
2 Baths
1,665 Square Feet
0.00 Acres Lot
Built in 1919
For Sale - Active
Units n/a
Checked: 22 hours ago
Updated: May 29, 2025 at 03:07AM

Investment Summary


Monthly Cash Flow
-$2,202
Cap Rate
2.8%
Cash-on-Cash Return
-12.6%
Debt Coverage Ratio
0.49
Internal Rate of Return (5 years)
-8.2%

Property Description


0.00 Acres Lot
Built in 1919
For Sale - Active
Units n/a

Welcome to 274 High Street, Fairfield, CT-where timeless elegance meets modern convenience. This beautifully renovated home boasts a fresh and inviting open-concept design, with a stunning new Trex deck just off the kitchen, perfect for relaxing or entertaining. The spacious kitchen features a large island with extra seating, complemented by a stylish design table for additional dining space. Step inside to discover all-new mechanicals, including HVAC, electrical, plumbing, and windows, ensuring both comfort and energy efficiency. The home also showcases durable vinyl siding, adding to its curb appeal and low-maintenance charm. A thoughtfully placed separate laundry room on the second floor offers convenience and ease. This home is ideally located within walking distance of Gould Manor Park, providing endless opportunities for outdoor enjoyment. Additionally, residents can take advantage of Fairfield's exceptional schools. Don't miss the opportunity to own this meticulously updated home, where every detail has been carefully curated for modern living.

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Location


Property Details


Parking

  • Details: None
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 8
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Full

Exterior Features

  • Exterior Walls Materials: Combination
  • Foundation: Block, Concrete Perimeter
  • Roof Type: Gable
  • Roof Material: Asphalt

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: FAIRM:126B:19
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1919

Tax Information

  • Annual Tax: $8,408

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Location

  • County: Fairfield

Listing Details


Listed by:
Karly Worth
Call It Closed Realty
(203) 331-5432

Source:
SmartMLS
MLS#: 24087196
SmartMLS

Investment Summary


Monthly Cash Flow
-$2,202
Cap Rate
2.8%
Cash-on-Cash Return
-12.6%
Debt Coverage Ratio
0.49
Internal Rate of Return (5 years)
-8.2%

Purchase Details

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Purchase price:
$914,900
Amount financed:
-$731,920
Down payment:
$182,980
Closing costs:
$27,447
Rehab costs:
$0
Initial cash invested:
$210,427
Square feet:
1,665
Cost per square foot:
$549
Monthly rent per square foot:
$2.46

Financing Details

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Loan amount:
$731,920
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$4,330
Property tax:
$701
Insurance:
$287
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,318

Operating Income

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% Rent Monthly Yearly
Gross rent:
$4,100 $49,200
Vacancy loss: (6%)
6% -$246 -$2,952
Operating income:
$3,854 $46,248

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$701-$8,408
Insurance: (7%)
7%-$287-$3,444
Property management: (8%)
8%-$328-$3,936
Repairs & maintenance: (5%)
5%-$205-$2,460
Capital expenditures: (5%)
5%-$205-$2,460
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (42%)
42%-$1,726-$20,708

Cash Flow


Monthly Yearly
Net operating income:
$2,128 $25,536
Mortgage payments:
-$4,330 -$51,960
Cash flow:
$2,202 $26,424