120 Prospect Street APT 63RidgefieldCT06877
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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 63, Ridgefield, CT, 06877 listed at $890,000 pairs $6,448/mo rent with a $4,356/mo payment. Total monthly income runs $6,448/mo. Return on cash invested measures 17.95% in year one, and rental yield registers 8.69% at a $890,000 basis. Equity gained on principal adds $5,743/yr, and annual property appreciation at 5% supports $245,891 by year five. Five-year ROI tracks 94.47% and total cumulative return in cash totals $276,628. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,448/mo property income relative to a $4,356/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
N/A lot
$N/A/sqft
$915 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: Lynne Murphy • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24103933
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