47 Old South Salem RdRidgefieldCT06877
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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 47 Old South Salem Rd, Ridgefield, CT, 06877 priced at $969,000 pairs $4,035/mo rent with after a $4,743/mo payment. Total monthly income equals $4,035/mo. Return on cash invested is 10.47% in year one, and rental yield stands at 5% on a $969,000 basis. Equity gained on principal adds $6,253/yr, and 5% annual appreciation accumulates to $267,717 by year five. Five-year ROI measures 52.96% and total cumulative return in cash reaches $168,831. For financing, Ziffy Mortgage’s DSCR program evaluates $4,035/mo property income against a $4,743/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
1.56 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: Laura Ancona • William Pitt Sotheby's Int'l
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24096165
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.