280 Newtown TurnpikeReddingCT06896
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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 Redding at 280 Newtown Turnpike, Redding, CT, 06896 priced at $399,000 pairs $5,940/mo rent with $3,229/mo cash flow after a $1,953/mo payment. Total monthly income equals $5,940/mo, and annual cash flow comes to $38,747/yr on $132,269 invested. Return on cash invested is 49.2% in year one, and rental yield stands at 17.86% on a $399,000 basis. Equity gained on principal adds $2,575/yr, and 5% annual appreciation accumulates to $110,236 by year five. Five-year ROI measures 260.72% and total cumulative return in cash reaches $344,846. For financing, Ziffy Mortgage’s DSCR program evaluates $5,940/mo property income against a $1,953/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.52 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: Harry Stark • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24126777