35 Lake Ridge RoadSouthburyCT06488
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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 Southbury at 35 Lake Ridge Road, Southbury, CT, 06488 priced at $999,000 pairs $6,652/mo rent with after a $4,890/mo payment. Total monthly income equals $6,652/mo. Return on cash invested is 19.56% in year one, and rental yield stands at 7.99% on a $999,000 basis. Equity gained on principal adds $6,446/yr, and 5% annual appreciation accumulates to $276,005 by year five. Five-year ROI measures 101.75% and total cumulative return in cash reaches $334,418. For financing, Ziffy Mortgage’s DSCR program evaluates $6,652/mo property income against a $4,890/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1997
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06488, Southbury, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,384 (100%) |
| Owner Occupied HU | 7,566 (80.6%) |
| Renter Occupied HU | 1,168 (12.4%) |
| Vacant Housing Units | 650 ( 6.9%) |
| Median Home Value | $468,971 |
| Average Home Value | $493,137 |
Housing Distribution
Address Breakdown
Residential
8,760
Single Family
8,268
Multi-Family
492
Businesses
780
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Listed by: Melissa Peet • Redfin Corporation
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24104680
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.