3 Nectar 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
Investment property for sale in Ridgefield at 3 Nectar Lane #3, Ridgefield, CT, 06877 uses $120,998 cash to close to unlock $2,238/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $3,143/mo, and a $1,786/mo payment keeps the spread at $187/mo. Purchase price stands at $365,000, and rental yield measures 10.33% with $3,143/mo rent. Return on cash invested shows 21.76% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 115.29% and total cumulative return in cash records $139,495. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,143/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
$477 monthly 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: Alyssa Novak • Brown Harris Stevens
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24100588
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.