12 Rob Rider RdReddingCT06896
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Redding at 12 Rob Rider Rd, Redding, CT, 06896 priced at $1,399,000 converts $5,095/mo rent into after a $6,847/mo obligation. Total monthly income equals $5,095/mo. Return on cash invested prints 8.63% in year one, and rental yield reads 4.37% against a $1,399,000 entry. Equity gained on principal adds $9,028/yr, while 5% annual appreciation compiles into $386,518 by year five. Five-year ROI reaches 43.08% and total cumulative return in cash sums $195,293. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,095/mo property income covering a $6,847/mo payment, not borrower’s personal income.
Single Family
Built in 1995
2.04 Acres lot
$N/A/sqft
$300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06896, Redding, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,685 (100%) |
| Owner Occupied HU | 2,939 (79.8%) |
| Renter Occupied HU | 460 (12.5%) |
| Vacant Housing Units | 286 ( 7.8%) |
| Median Home Value | $721,856 |
| Average Home Value | $818,016 |
Housing Distribution
Address Breakdown
Residential
3,476
Single Family
3,146
Multi-Family
330
Businesses
90
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Listed by: Peggy Jorgensen • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24094330
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.