343 Redding RoadReddingCT06896
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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 Redding at 343 Redding Road, Redding, CT, 06896 priced at $755,000 pairs $6,845/mo rent with $1,716/mo cash flow after a $3,695/mo payment. Total monthly income equals $6,845/mo, and annual cash flow comes to $20,586/yr on $248,395 invested. Return on cash invested is 28.35% in year one, and rental yield stands at 10.88% on a $755,000 basis. Equity gained on principal adds $4,872/yr, and 5% annual appreciation accumulates to $208,593 by year five. Five-year ROI measures 148.87% and total cumulative return in cash reaches $369,783. For financing, Ziffy Mortgage’s DSCR program evaluates $6,845/mo property income against a $3,695/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1800
0.53 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: Debra Carson • William Raveis Real Estate
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24092321
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.