120 Prospect Street APT 21RidgefieldCT06877
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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 APT 21, Ridgefield, CT, 06877 earns $409/mo cash flow from $6,286/mo rent with a $4,234/mo payment. Total monthly income totals $6,286/mo, and annual cash flow totals $4,902/yr on $284,585 capital. ROI tracks 21.78% on current figures, and rental yield reads 8.72% at a $865,000 purchase. Equity gained on principal adds $5,582/yr, and 5% annual appreciation supports $238,984 over five years. Five-year ROI reaches 113.66% and total cumulative return in cash sums $323,451. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,286/mo property income instead of your personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No 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: Linda D'Amato • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24125949