29 Indian Ridge RdNew MilfordCT06776
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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 New Milford at 29 Indian Ridge Rd, New Milford, CT, 06776 priced at $434,500 converts $2,737/mo rent into after a $2,127/mo obligation. Total monthly income equals $2,737/mo. Return on cash invested prints 18.11% in year one, and rental yield reads 7.56% against a $434,500 entry. Equity gained on principal adds $2,804/yr, while 5% annual appreciation compiles into $120,044 by year five. Five-year ROI reaches 94.03% and total cumulative return in cash sums $135,431. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,737/mo property income covering a $2,127/mo payment, not borrower’s personal income.
Single Family
Built in 1971
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06776, New Milford, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,253 (100%) |
| Owner Occupied HU | 8,109 (72.1%) |
| Renter Occupied HU | 2,397 (21.3%) |
| Vacant Housing Units | 747 ( 6.6%) |
| Median Home Value | $416,557 |
| Average Home Value | $533,193 |
Housing Distribution
Address Breakdown
Residential
10,960
Single Family
10,250
Multi-Family
710
Businesses
1,116
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Listed by: MCCAFFREY PROFESSIONALS TEAM AT COLDWELL BANKER REALTY • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24089271
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