19 Riveredge Dr #19WinstedCT06098
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 Winsted at 19 Riveredge Dr #19, Winsted, CT, 06098 priced at $159,999 converts $1,268/mo rent into after a $783/mo obligation. Total monthly income equals $1,268/mo. Return on cash invested prints 15.9% in year one, and rental yield reads 9.51% against a $159,999 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,205 by year five. Five-year ROI reaches 85.07% and total cumulative return in cash sums $45,121. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,268/mo property income covering a $783/mo payment, not borrower’s personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
$358 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06098, Winsted, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,484 (100%) |
| Owner Occupied HU | 2,978 (54.3%) |
| Renter Occupied HU | 1,763 (32.1%) |
| Vacant Housing Units | 743 (13.5%) |
| Median Home Value | $284,893 |
| Average Home Value | $365,792 |
Housing Distribution
Address Breakdown
Residential
4,821
Single Family
4,459
Multi-Family
362
Businesses
397
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maria P. Smith • Turning Point Realty, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24092681
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.