Property Tour
Renovated top to bottom — both units.
Rates are what they are — unless you can step into someone else's. This is the story here: an approximately $468,000 VA loan, priced at roughly 3.00%, sitting on a top-to-bottom renovated two-family in Fairfield's Stratfield neighborhood. Assume it, and a meaningful slice of your purchase is financed at a rate nobody's originating in 2026.
Both units were completely renovated: quartz counters, custom white cabinetry, stainless appliances, tile backsplashes, updated baths, refinished floors, recessed lighting. The 1BR/1BA first-floor unit and the 3BR/1BA unit spanning the second and third floors are both currently leased. Rents total $4,650/month and, per the listing, are believed to sit below market — the upside hasn't been captured yet.
Outside: a covered front porch, multi-level rear decks, and a fenced backyard with a fire pit and café lighting. Walk Score 72. Metro-North and Fairfield's commuting routes are close by.
Illustrative structure based on the current listing terms. Loan assumption is subject to servicer approval and buyer qualification — not guaranteed.
| Item | Amount |
|---|---|
| Purchase Price | $755,000 |
| 25% Down Payment | $188,750 |
| Assumed VA Loan (~3.00%) | ~$468,000 |
| Estimated Second Mortgage | ~$98,250 |
| Financing | Annual |
|---|---|
| Assumed VA Loan | ~$27,996 |
| Second Mortgage | ~$9,480 |
| Total Debt Service | ~$37,476 |
| Metric | Estimate |
|---|---|
| Gross Scheduled Income | $55,800 |
| Vacancy Reserve (5%) | ($2,790) |
| Effective Gross Income | $53,010 |
| Estimated Operating Expenses | ($16,330) |
| Estimated NOI | $36,680 |
| Estimated Cap Rate | 4.9% |
| NOI | Debt Service |
|---|---|
| $36,680 | ~$37,476 |
| Approx. Cash Flow | ~($800) / yr |
| Unit | Sq Ft | Beds / Baths | Rent / Month | Lease Status |
|---|---|---|---|---|
| Unit 1 (1st Floor) | 630 | 1 BR / 1 BA | $1,925 | Leased to 07/02/2026 |
| Unit 2 (2nd & 3rd Floor) | 894 | 3 BR / 1 BA | $2,725 | Leased to 07/02/2026 |
| Total | 1,524 | 4 BR / 2 BA | $4,650 |
This one plays best as a long-term equity and appreciation position, not an immediate cash-flow property. A 4.9% estimated cap rate is in line with what Fairfield typically prices at — nothing unusual there. What's unusual is the chance to assume roughly $468,000 at 3%, a financing structure you cannot originate in today's market at any price. Pair that with turnkey condition and rents that still have room to move, and it adds up to a credible long-term hold for the right buyer.
Rent roll detail, tax history, comparable sales, and the loan assumption checklist — sent directly.