23 Goodsell Hill RoadReddingCT06896
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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
Total monthly income runs $7,034/mo, and a $6,608/mo payment. Purchase price stands at $1,350,000, and rental yield measures 6.25% with $7,034/mo rent. Return on cash invested shows 14.5% in year one, and 5% annual appreciation builds toward $372,980 over five years. Five-year ROI reaches 74.56% and total cumulative return in cash records $326,105. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $7,034/mo property income covering a $6,608/mo payment rather than investor’s personal income.
Single Family
Built in 1870
3.14 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: Bonnie Troy • Howard Hanna Rand Realty
Mls Name: Smart MLS
Mls ID: #24097940