120 Prospect Street #19RidgefieldCT06877
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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
Investment property for sale in Ridgefield at 120 Prospect Street #19, Ridgefield, CT, 06877 offers a 9.47% rental yield on a $500,000 purchase with $3,944/mo rent. 2% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,141 over five years. Portfolio math shows five-year ROI at 96.55% and total cumulative return in cash at $160,040. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,944/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A lot
$N/A/sqft
$676 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06877, Ridgefield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,449 (100%) |
| Owner Occupied HU | 7,528 (79.7%) |
| Renter Occupied HU | 1,463 (15.5%) |
| Vacant Housing Units | 458 ( 4.8%) |
| Median Home Value | $836,048 |
| Average Home Value | $925,612 |
Housing Distribution
Address Breakdown
Residential
9,479
Single Family
8,784
Multi-Family
695
Businesses
990
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Listed by: Nikki McMann • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24095175
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.