21 Ridgeway AvenueWatertownCT06779
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 Watertown at 21 Ridgeway Avenue, Watertown, CT, 06779 priced at $429,900 converts $3,432/mo rent into $511/mo cash flow after a $2,104/mo obligation. Total monthly income equals $3,432/mo, and annual cash flow totals $6,134/yr on $142,512 invested. Return on cash invested prints 24.21% in year one, and rental yield reads 9.58% against a $429,900 entry. Equity gained on principal adds $2,774/yr, while 5% annual appreciation compiles into $118,773 by year five. Five-year ROI reaches 126.73% and total cumulative return in cash sums $180,607. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,432/mo property income covering a $2,104/mo payment, not borrower’s personal income.
Single Family
Built in 2004
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06779, Oakville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,674 (100%) |
| Owner Occupied HU | 2,556 (69.6%) |
| Renter Occupied HU | 951 (25.9%) |
| Vacant Housing Units | 167 ( 4.5%) |
| Median Home Value | $270,833 |
| Average Home Value | $303,960 |
Housing Distribution
Address Breakdown
Residential
3,358
Single Family
3,358
Multi-Family
0
Businesses
193
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Listed by: John Donato Jr • Showcase Realty, Inc.
Mls Name: Smart MLS
Mls ID: #24135549