295 Ridge Road #13WethersfieldCT06109
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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 Wethersfield at 295 Ridge Road #13, Wethersfield, CT, 06109 earns $7/mo cash flow from $1,637/mo rent with a $1,174/mo payment. Total monthly income totals $1,637/mo, and annual cash flow totals $86/yr on $79,527 capital. ROI tracks 20.02% on current figures, and rental yield reads 8.19% at a $239,900 purchase. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 over five years. Five-year ROI reaches 104.26% and total cumulative return in cash sums $82,915. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,637/mo property income instead of your personal income.
Condo
Built in 1932
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06109, Wethersfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,055 (100%) |
| Owner Occupied HU | 8,807 (73.1%) |
| Renter Occupied HU | 2,878 (23.9%) |
| Vacant Housing Units | 370 ( 3.1%) |
| Median Home Value | $356,914 |
| Average Home Value | $381,808 |
Housing Distribution
Address Breakdown
Residential
11,825
Single Family
10,382
Multi-Family
1,443
Businesses
667
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Listed by: Geoff Luxenberg • Century 21 Classic Homes
Mls Name: Smart MLS
Mls ID: #24114179