24 Ridgewood Drive #24MiddleburyCT06762
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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 Middlebury at 24 Ridgewood Drive #24, Middlebury, CT, 06762 offers a 8.77% rental yield on a $574,000 purchase with $4,195/mo rent. Total monthly income registers $4,195/mo, and a $2,809/mo payment leaves $295/mo available for distribution. Annual cash flow reaches $3,545/yr on $188,846 to close, and return on cash invested stands at 21.94% in year one. Equity gained on principal adds $3,704/yr while 5% annual appreciation supports $158,586 over five years. Portfolio math shows five-year ROI at 114.5% and total cumulative return in cash at $216,225. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,195/mo property income against a $2,809/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06762, Middlebury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,235 (100%) |
| Owner Occupied HU | 2,778 (85.9%) |
| Renter Occupied HU | 280 ( 8.7%) |
| Vacant Housing Units | 177 ( 5.5%) |
| Median Home Value | $498,512 |
| Average Home Value | $531,036 |
Housing Distribution
Address Breakdown
Residential
3,042
Single Family
2,970
Multi-Family
72
Businesses
402
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Listed by: Jodi Dawley • Real Estate Two
Mls Name: Smart MLS
Mls ID: #24147226