2 Cypress Lane #2RidgefieldCT06877
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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 Ridgefield at 2 Cypress Lane #2, Ridgefield, CT, 06877 priced at $339,000 pairs $3,125/mo rent with $822/mo cash flow after a $1,659/mo payment. Total monthly income equals $3,125/mo, and annual cash flow comes to $9,863/yr on $112,379 invested. Return on cash invested is 28.69% in year one, and rental yield stands at 11.06% on a $339,000 basis. Equity gained on principal adds $2,188/yr, and 5% annual appreciation accumulates to $93,659 by year five. Five-year ROI measures 150.69% and total cumulative return in cash reaches $169,348. For financing, Ziffy Mortgage’s DSCR program evaluates $3,125/mo property income against a $1,659/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06877, Ridgefield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,449 (100%) |
| Owner Occupied HU | 7,528 (79.7%) |
| Renter Occupied HU | 1,463 (15.5%) |
| Vacant Housing Units | 458 ( 4.8%) |
| Median Home Value | $836,048 |
| Average Home Value | $925,612 |
Housing Distribution
Address Breakdown
Residential
9,479
Single Family
8,784
Multi-Family
695
Businesses
990
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Listed by: Angelo Maruca • Welcome Home Realty, LLC
Mls Name: Smart MLS
Mls ID: #24115463