24 Colonial Ridge DriveGaylordsvilleCT06755
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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 Gaylordsville at 24 Colonial Ridge Drive, Gaylordsville, CT, 06755 offers a 8% rental yield on a $630,000 purchase with $4,200/mo rent. 59% in year one. Equity gained on principal adds $4,065/yr while 5% annual appreciation supports $174,057 over five years. Portfolio math shows five-year ROI at 101.9% and total cumulative return in cash at $211,210. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,200/mo property income against a $3,084/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06755, Gaylordsville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 456 (100%) |
| Owner Occupied HU | 350 (76.8%) |
| Renter Occupied HU | 56 (12.3%) |
| Vacant Housing Units | 50 (11.0%) |
| Median Home Value | $494,118 |
| Average Home Value | $516,036 |
Housing Distribution
Address Breakdown
Residential
424
Single Family
424
Multi-Family
0
Businesses
58
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Listed by: Patty McManus • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24151408