40 Thunder Hill LaneRidgefieldCT06877
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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 Ridgefield at 40 Thunder Hill Lane, Ridgefield, CT, 06877 priced at $1,145,000 converts $4,200/mo rent into after a $5,604/mo obligation. Total monthly income equals $4,200/mo. Return on cash invested prints 8.79% in year one, and rental yield reads 4.4% against a $1,145,000 entry. Equity gained on principal adds $7,389/yr, while 5% annual appreciation compiles into $316,342 by year five. Five-year ROI reaches 43.94% and total cumulative return in cash sums $163,020. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,200/mo property income covering a $5,604/mo payment, not borrower’s personal income.
Single Family
Built in 1966
2.51 Acres lot
$N/A/sqft
No 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: Amy Mosley-Sledge • Elevated Life Realty LLC
Mls Name: Smart MLS
Mls ID: #24098911