13 Cliff RdLedyardCT06339
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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 Ledyard at 13 Cliff Rd, Ledyard, CT, 06339 priced at $289,900 converts $2,242/mo rent into $272/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,242/mo, and annual cash flow totals $3,266/yr on $96,102 invested. Return on cash invested prints 23.31% in year one, and rental yield reads 9.28% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 121.9% and total cumulative return in cash sums $117,153. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,242/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Manufactured
Built in 2011
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06339, Ledyard, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,371 (100%) |
| Owner Occupied HU | 2,678 (79.4%) |
| Renter Occupied HU | 537 (15.9%) |
| Vacant Housing Units | 156 ( 4.6%) |
| Median Home Value | $343,014 |
| Average Home Value | $370,114 |
Housing Distribution
Address Breakdown
Residential
3,384
Single Family
3,322
Multi-Family
62
Businesses
148
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Listed by: Diane M. Contino • RE/MAX Realty Group
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24089438
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.