171 Cross HighwayReddingCT06896
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingSteady, low-maintenance, and fundable: 171 Cross Highway, Redding, CT, 06896 in Redding at $1,600,000. Rental yield 6.62%. The 6.62% yield and 1.23 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $442,051 by year five, and $14,736/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $479,318.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 6.0% |
| Monthly Cash Flow | $(2,044) | $1,200 |
City averages based on Redding market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $8,827 |
| Total Monthly Debt Service | $10,235 |
| DSCR Ratio | 0.86x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2001
2.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06896, Redding, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,685 (100%) |
| Owner Occupied HU | 2,939 (79.8%) |
| Renter Occupied HU | 460 (12.5%) |
| Vacant Housing Units | 286 ( 7.8%) |
| Median Home Value | $721,856 |
| Average Home Value | $818,016 |
Housing Distribution
Address Breakdown
Residential
3,476
Single Family
3,146
Multi-Family
330
Businesses
90
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 2001
2.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06896, Redding, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,685 (100%) |
| Owner Occupied HU | 2,939 (79.8%) |
| Renter Occupied HU | 460 (12.5%) |
| Vacant Housing Units | 286 ( 7.8%) |
| Median Home Value | $721,856 |
| Average Home Value | $818,016 |
Housing Distribution
Address Breakdown
Residential
3,476
Single Family
3,146
Multi-Family
330
Businesses
90
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laura Ancona • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24101636
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.