299 Redding RoadReddingCT06896
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Nearby investment properties with comparable prices
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 Redding at 299 Redding Road, Redding, CT, 06896 at $979,000 posts ROI 31.04% with $2,948/mo cash flow from $9,600/mo rent. Total monthly income equals $9,600/mo, and annual cash flow records $35,375/yr on $322,091 to close. Return on cash invested measures 31.04% and rental yield reads 11.77% at the current $979,000. Equity gained on principal adds $6,317/yr, and 5% annual appreciation supports $270,480 by year five. Five-year ROI prints 163.31% and total cumulative return in cash totals $526,006.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $9,600/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1979
2 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: Natalia Rathbauer • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24146605