14 Ridge RoadEnfieldCT06082
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
Rental property for sale in Enfield at 14 Ridge Road, Enfield, CT, 06082 priced at $350,500 pairs $3,324/mo rent with $942/mo cash flow after a $1,716/mo payment. Total monthly income equals $3,324/mo, and annual cash flow comes to $11,305/yr on $116,191 invested. Return on cash invested is 29.64% in year one, and rental yield stands at 11.38% on a $350,500 basis. Equity gained on principal adds $2,262/yr, and 5% annual appreciation accumulates to $96,837 by year five. Five-year ROI measures 155.84% and total cumulative return in cash reaches $181,071. For financing, Ziffy Mortgage’s DSCR program evaluates $3,324/mo property income against a $1,716/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06082, Enfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,831 (100%) |
| Owner Occupied HU | 12,637 (70.9%) |
| Renter Occupied HU | 4,435 (24.9%) |
| Vacant Housing Units | 759 ( 4.3%) |
| Median Home Value | $293,010 |
| Average Home Value | $335,568 |
Housing Distribution
Address Breakdown
Residential
17,608
Single Family
16,797
Multi-Family
811
Businesses
983
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elaine Smith • Century 21 AllPoints Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24120721
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.