18 East Ridge DriveMiddleburyCT06762
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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 Middlebury at 18 East Ridge Drive, Middlebury, CT, 06762 generates $3,239/mo in rent and, after a $2,153/mo payment, leaves $250/mo in cash flow. Total monthly income is $3,239/mo, and annual cash flow is $3,002/yr on $145,827 invested. Return on cash invested sits at 21.97% in year one, and rental yield is 8.84% on a $439,900 entry. Equity gained on principal adds $2,839/yr, while 5% annual appreciation builds toward $121,536 over five years. Five-year ROI reaches 114.7% and total cumulative return in cash sums $167,259. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,239/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06762, Middlebury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,235 (100%) |
| Owner Occupied HU | 2,778 (85.9%) |
| Renter Occupied HU | 280 ( 8.7%) |
| Vacant Housing Units | 177 ( 5.5%) |
| Median Home Value | $498,512 |
| Average Home Value | $531,036 |
Housing Distribution
Address Breakdown
Residential
3,042
Single Family
2,970
Multi-Family
72
Businesses
402
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Listed by: Beth Santos • Showcase Realty, Inc.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24119687
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.