19 Ridgewood StreetNew BritainCT06053
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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 New Britain at 19 Ridgewood Street, New Britain, CT, 06053 generates $3,589/mo in rent and, after a $1,859/mo payment, leaves $1,008/mo in cash flow. Total monthly income is $3,589/mo, and annual cash flow is $12,098/yr on $125,937 invested. Return on cash invested sits at 29.52% in year one, and rental yield is 11.34% on a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation builds toward $104,959 over five years. Five-year ROI reaches 155.18% and total cumulative return in cash sums $195,425. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,589/mo property income rather than buyer’s personal income.
Multi Family
Built in 1963
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06053, New Britain, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,776 (100%) |
| Owner Occupied HU | 6,790 (46.0%) |
| Renter Occupied HU | 7,041 (47.7%) |
| Vacant Housing Units | 945 ( 6.4%) |
| Median Home Value | $239,929 |
| Average Home Value | $277,573 |
Housing Distribution
Address Breakdown
Residential
13,907
Single Family
11,194
Multi-Family
2,713
Businesses
444
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Listed by: Jeremy Joslin • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24124862