15 Ridge RoadDurhamCT06422
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 15 Ridge Road, Durham, CT, 06422 in Durham speaks for itself: 10.24% gross on a $390,000 price, generating $3,328/mo in rent and $678/mo in net income after the $1,754/mo debt service. DSCR 1.90, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,133 stacks alongside $107,750 in projected five-year appreciation and $3,592/yr in principal reduction. Projected total cumulative return: $192,518.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.0% |
| Monthly Cash Flow | $678 | $1,200 |
City averages based on Durham market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,328 |
| Total Monthly Debt Service | $2,495 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1952
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06422, Durham, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,876 (100%) |
| Owner Occupied HU | 2,574 (89.5%) |
| Renter Occupied HU | 200 ( 7.0%) |
| Vacant Housing Units | 102 ( 3.5%) |
| Median Home Value | $459,516 |
| Average Home Value | $524,994 |
Housing Distribution
Address Breakdown
Residential
2,629
Single Family
2,629
Multi-Family
0
Businesses
263
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
Single Family
Built in 1952
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06422, Durham, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,876 (100%) |
| Owner Occupied HU | 2,574 (89.5%) |
| Renter Occupied HU | 200 ( 7.0%) |
| Vacant Housing Units | 102 ( 3.5%) |
| Median Home Value | $459,516 |
| Average Home Value | $524,994 |
Housing Distribution
Address Breakdown
Residential
2,629
Single Family
2,629
Multi-Family
0
Businesses
263
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Philip E. Carloni • RE/MAX Alliance
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24110424
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.