3 RidgewayNew FairfieldCT06812
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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 New Fairfield at 3 Ridgeway, New Fairfield, CT, 06812 listed at $600,000 pairs $4,921/mo rent with a $2,937/mo payment to leave $844/mo cash flow. Total monthly income runs $4,921/mo, and annual cash flow reaches $10,128/yr on $197,400 cash to close. Return on cash invested measures 25.19% in year one, and rental yield registers 9.84% at a $600,000 basis. Equity gained on principal adds $3,872/yr, and annual property appreciation at 5% supports $165,769 by year five. Five-year ROI tracks 131.92% and total cumulative return in cash totals $260,412. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,921/mo property income relative to a $2,937/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2019
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06812, New Fairfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,610 (100%) |
| Owner Occupied HU | 4,617 (82.3%) |
| Renter Occupied HU | 356 ( 6.3%) |
| Vacant Housing Units | 637 (11.4%) |
| Median Home Value | $506,047 |
| Average Home Value | $596,835 |
Housing Distribution
Address Breakdown
Residential
5,342
Single Family
5,342
Multi-Family
0
Businesses
301
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Listed by: Barbara A. Reynolds • Brown Harris Stevens
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24085568
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.