24 Newtown TpkeReddingCT06896
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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 Redding at 24 Newtown Tpke, Redding, CT, 06896 listed at $795,000 pairs $5,940/mo rent with a $3,891/mo payment to leave $537/mo cash flow. Total monthly income runs $5,940/mo, and annual cash flow reaches $6,438/yr on $261,555 cash to close. Return on cash invested measures 22.52% in year one, and rental yield registers 8.97% at a $795,000 basis. Equity gained on principal adds $5,130/yr, and annual property appreciation at 5% supports $219,644 by year five. Five-year ROI tracks 117.62% and total cumulative return in cash totals $307,654. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,940/mo property income relative to a $3,891/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
6.70 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: THE LESLIE CLARKE TEAM • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24097418
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.