Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$1,150,000

Sold
96 Cedar Woods Ln, Fairfield, CT 06825
5 Beds
6 Baths
3,234 Square Feet
0.00 Acres Lot
Built in 1951
Sold
Units n/a
Checked: 13 hours ago
Updated: Jun 14, 2025 at 03:10AM

Investment Summary


Monthly Cash Flow
-$2,803
Cap Rate
3.4%
Cash-on-Cash Return
-12.7%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-8.3%

Property Description


0.00 Acres Lot
Built in 1951
Sold
Units n/a

"We will see creativity emerge triumphant in the battle of sameness." This historic quote from Victor Civkin the "pioneer of modernism in Connecticut" has never been more true than it is today. If your soul longs to preserve a piece of Mid-Century architectural history while flexing your designer magic this iconic MidMod is waiting. You have over 3,000 sq ft on almost half an acre to work with. Designed by Civkin in 1951 and located among other modernist treasures, 96 Cedar Woods is one of a few remaining homes in Fairfield County designed by the renowned modernist. With an emphasis on spaciousness the floor plan offers 4 distinct levels and a ton of flexibility. You can customize and adapt the spaces to fit your evolutionary needs. The town calls it a 4 bedroom home, however it lives like 5 or 6 bedrooms including one on the 1st floor. The primary living spaces on the main level include a front to back living room with grand windows, a formal dining room, a huge updated kitchen, and a study with a full bath adjoining. Upstairs includes the primary bedroom suite and 2 large bedrooms sharing a full bath. The 3rd floor is a private bedroom suite. The finished LL has a full bath and can be a home office or recreation space. The house sits high atop a hill at the end of the cul-de-sac and the back opens onto a deep, flat back yard with room for a pool. The stone patio, screen porch and oversize 2 car garage round out this distinctive split level design.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Details: Asphalt, Garage Door Opener, Private, Paved, Driveway, Attached
  • Garage Spaces: 2
  • Spaces Total: 2

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Full): 5
  • # of Baths (Partial): 1
  • # of Baths (Total): 6.0

Interior Features

  • # of Rooms: 9
  • Basement: Yes
  • Basement Description: Partial, Sump Pump, Crawl Space, Storage Space, Unfinished, Concrete
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood Siding
  • 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:28B:421
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Split Level, Modern
  • Year Built: 1951

Tax Information

  • Annual Tax: $12,710

Utilities

  • Water & Sewer: Public
  • Heating: Oil, Forced Air
  • Cooling: Central Air, Zoned

Location

  • County: Fairfield

Listing Details


Listed by:
Virginia Klein
RE/MAX Heritage

Source:
SmartMLS
MLS#: 24085538
SmartMLS

Investment Summary


Monthly Cash Flow
-$2,803
Cap Rate
3.4%
Cash-on-Cash Return
-12.7%
Debt Coverage Ratio
0.53
Internal Rate of Return (5 years)
-8.3%

Purchase Details

Find an Agent

Purchase price:
$1,150,000
Amount financed:
-$920,000
Down payment:
$230,000
Closing costs:
$34,500
Rehab costs:
$0
Initial cash invested:
$264,500
Square feet:
3,234
Cost per square foot:
$356
Monthly rent per square foot:
$1.92

Financing Details

Find a Lender

Loan amount:
$920,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$6,022
Property tax:
$1,059
Insurance:
$434
Private mortgage insurance (PMI):
$0
Monthly payment:
$7,515

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$6,200 $74,400
Vacancy loss: (6%)
6% -$372 -$4,464
Operating income:
$5,828 $69,936

Operating Expenses


% Rent Monthly Yearly
Property taxes: (17%)
17%-$1,059-$12,710
Insurance: (7%)
7%-$434-$5,208
Property management: (8%)
8%-$496-$5,952
Repairs & maintenance: (5%)
5%-$310-$3,720
Capital expenditures: (5%)
5%-$310-$3,720
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (42%)
42%-$2,609-$31,310

Cash Flow


Monthly Yearly
Net operating income:
$3,219 $38,628
Mortgage payments:
-$6,022 -$72,264
Cash flow:
$2,803 $33,636