22 Ledgeway RdReddingCT06896
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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 Redding at 22 Ledgeway Rd, Redding, CT, 06896 priced at $578,500 converts $4,126/mo rent into $196/mo cash flow after a $2,831/mo obligation. Total monthly income equals $4,126/mo, and annual cash flow totals $2,350/yr on $190,327 invested. Return on cash invested prints 21.3% in year one, and rental yield reads 8.56% against a $578,500 entry. Equity gained on principal adds $3,733/yr, while 5% annual appreciation compiles into $159,829 by year five. Five-year ROI reaches 111.04% and total cumulative return in cash sums $211,338. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,126/mo property income covering a $2,831/mo payment, not borrower’s personal income.
Single Family
Built in 1964
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06896, Redding, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,685 (100%) |
| Owner Occupied HU | 2,939 (79.8%) |
| Renter Occupied HU | 460 (12.5%) |
| Vacant Housing Units | 286 ( 7.8%) |
| Median Home Value | $721,856 |
| Average Home Value | $818,016 |
Housing Distribution
Address Breakdown
Residential
3,476
Single Family
3,146
Multi-Family
330
Businesses
90
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Listed by: Michele Milton • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24070184
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.