24 Langstroth DriveRidgefieldCT06877
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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 Ridgefield at 24 Langstroth Drive, Ridgefield, CT, 06877 generates $6,803/mo in rent and, after a $4,319/mo payment, leaves $778/mo in cash flow. Total monthly income is $6,803/mo, and annual cash flow is $9,337/yr on $290,343 invested. Return on cash invested sits at 23.28% in year one, and rental yield is 9.25% on a $882,500 entry. Equity gained on principal adds $5,695/yr, while 5% annual appreciation builds toward $243,818 over five years. Five-year ROI reaches 121.72% and total cumulative return in cash sums $353,413. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,803/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
1 Acres lot
$N/A/sqft
$350 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06877, Ridgefield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,449 (100%) |
| Owner Occupied HU | 7,528 (79.7%) |
| Renter Occupied HU | 1,463 (15.5%) |
| Vacant Housing Units | 458 ( 4.8%) |
| Median Home Value | $836,048 |
| Average Home Value | $925,612 |
Housing Distribution
Address Breakdown
Residential
9,479
Single Family
8,784
Multi-Family
695
Businesses
990
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Listed by: Nancy Ollinger • Houlihan Lawrence
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24128193
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.