26 Ridgewood RdAvonCT06001
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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 Avon at 26 Ridgewood Rd, Avon, CT, 06001 generates $2,579/mo in rent and, after a $979/mo payment, leaves $1,220/mo in cash flow. Total monthly income is $2,579/mo, and annual cash flow is $14,640/yr on $66,300 invested. Return on cash invested sits at 41.99% in year one, and rental yield is 15.47% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 222.02% and total cumulative return in cash sums $147,200. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,579/mo property income rather than buyer’s personal income.
Lot
Built in N/A
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06001, Avon, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,867 (100%) |
| Owner Occupied HU | 6,248 (79.4%) |
| Renter Occupied HU | 1,192 (15.2%) |
| Vacant Housing Units | 427 ( 5.4%) |
| Median Home Value | $541,074 |
| Average Home Value | $597,313 |
Housing Distribution
Address Breakdown
Residential
7,864
Single Family
7,314
Multi-Family
550
Businesses
934
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Listed by: Laurie Kane • Berkshire Hathaway NE Prop.
Mls Name: Smart MLS
Mls Provider:
Mls ID: #170619358
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.