3 Honeysuckle Lane #3RidgefieldCT06877
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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 Ridgefield at 3 Honeysuckle Lane #3, Ridgefield, CT, 06877 generates $3,180/mo in rent and, after a $1,662/mo payment, leaves $873/mo in cash flow. Total monthly income is $3,180/mo, and annual cash flow is $10,475/yr on $112,544 invested. Return on cash invested sits at 29.22% in year one, and rental yield is 11.24% on a $339,500 entry. Equity gained on principal adds $2,191/yr, while 5% annual appreciation builds toward $93,798 over five years. Five-year ROI reaches 153.53% and total cumulative return in cash sums $172,793. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,180/mo property income rather than buyer’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06877, Ridgefield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,449 (100%) |
| Owner Occupied HU | 7,528 (79.7%) |
| Renter Occupied HU | 1,463 (15.5%) |
| Vacant Housing Units | 458 ( 4.8%) |
| Median Home Value | $836,048 |
| Average Home Value | $925,612 |
Housing Distribution
Address Breakdown
Residential
9,479
Single Family
8,784
Multi-Family
695
Businesses
990
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Listed by: George Muniz • Keller Williams NY Realty
Mls Name: Smart MLS
Mls ID: #24117554