124 Ridgewood RoadGlastonburyCT06033
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Glastonbury at 124 Ridgewood Road, Glastonbury, CT, 06033 at $498,500 posts ROI 23.49% with $493/mo cash flow from $3,880/mo rent. Total monthly income equals $3,880/mo, and annual cash flow records $5,914/yr on $165,253 to close. Return on cash invested measures 23.49% and rental yield reads 9.34% at the current $498,500. Equity gained on principal adds $3,217/yr, and 5% annual appreciation supports $137,726 by year five. Five-year ROI prints 122.82% and total cumulative return in cash totals $202,961.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,880/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1941
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06033, Glastonbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,474 (100%) |
| Owner Occupied HU | 9,378 (75.2%) |
| Renter Occupied HU | 2,564 (20.6%) |
| Vacant Housing Units | 532 ( 4.3%) |
| Median Home Value | $469,323 |
| Average Home Value | $514,305 |
Housing Distribution
Address Breakdown
Residential
12,266
Single Family
11,050
Multi-Family
1,216
Businesses
1,480
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Listed by: Michelle C. Collins • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls ID: #24131153