37 Giles Hill 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
Investment property for sale in Redding at 37 Giles Hill Road, Redding, CT, 06896 offers a 4.87% rental yield on a $1,849,000 purchase with $7,506/mo rent. 24% in year one. Equity gained on principal adds $11,931/yr while 5% annual appreciation supports $510,845 over five years. Portfolio math shows five-year ROI at 51.7% and total cumulative return in cash at $309,743. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,506/mo property income against a $9,050/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
4.57 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: Laura Ancona • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls ID: #24110300