2227 Ridge RoadNorth HavenCT06473
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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
Investment property for sale in North Haven at 2227 Ridge Road, North Haven, CT, 06473 uses $115,992 cash to close to unlock $770/yr annual cash flow and $64/mo monthly cash flow. Total monthly income runs $2,493/mo, and a $1,713/mo payment keeps the spread at $64/mo. Purchase price stands at $349,900, and rental yield measures 8.55% with $2,493/mo rent. Return on cash invested shows 20.57% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 107.42% and total cumulative return in cash records $124,602. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,493/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1954
0.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06473, North Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,395 (100%) |
| Owner Occupied HU | 8,187 (78.8%) |
| Renter Occupied HU | 1,790 (17.2%) |
| Vacant Housing Units | 418 ( 4.0%) |
| Median Home Value | $400,420 |
| Average Home Value | $448,636 |
Housing Distribution
Address Breakdown
Residential
10,118
Single Family
9,138
Multi-Family
980
Businesses
1,427
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Listed by: Robert P. Letskus • Platinum Associates
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24128049
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.