20 Riveredge Dr #20WinstedCT06098
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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 Winsted at 20 Riveredge Dr #20, Winsted, CT, 06098 offers $1,810/mo rent that, after a $759/mo payment, leaves $399/mo cash flow. Total monthly income is $1,810/mo, and annual cash flow is $4,782/yr on $51,383 cash. Return on cash invested measures 29.22% in year one, and rental yield stands at 14.01% at a $155,000 entry. Equity gained on principal adds $1,000/yr while 5% annual appreciation compounds into $42,824 by year five. Five-year ROI records 156.62% and total cumulative return in cash reaches $80,476. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,810/mo property income versus a $759/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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
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Listed by: Maria P. Smith • Turning Point Realty, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24058946
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.