131 Ridgeview AvenueTrumbullCT06611
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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 Trumbull at 131 Ridgeview Avenue, Trumbull, CT, 06611 uses $213,850 cash to close to unlock $4,848/yr annual cash flow and $404/mo monthly cash flow. Total monthly income runs $4,820/mo, and a $3,181/mo payment keeps the spread at $404/mo. Purchase price stands at $650,000, and rental yield measures 8.9% with $4,820/mo rent. Return on cash invested shows 22.33% in year one, and 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 116.57% and total cumulative return in cash records $249,278. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,820/mo property income covering a $3,181/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06611, Trumbull, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,970 (100%) |
| Owner Occupied HU | 11,418 (81.7%) |
| Renter Occupied HU | 1,959 (14.0%) |
| Vacant Housing Units | 593 ( 4.2%) |
| Median Home Value | $538,369 |
| Average Home Value | $606,678 |
Housing Distribution
Address Breakdown
Residential
13,448
Single Family
13,006
Multi-Family
442
Businesses
1,076
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Listed by: Gianni Viscuso • RE/MAX Right Choice
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24100360
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.