47 Ridge RoadMiddletownCT06457
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Middletown at 47 Ridge Road, Middletown, CT, 06457 at $252,399 posts ROI 38.22% with $1,277/mo cash flow from $3,032/mo rent. Total monthly income equals $3,032/mo, and annual cash flow records $15,320/yr on $83,670 to close. Return on cash invested measures 38.22% and rental yield reads 14.42% at the current $252,399. Equity gained on principal adds $1,629/yr, and 5% annual appreciation supports $69,733 by year five. Five-year ROI prints 202.04% and total cumulative return in cash totals $169,051.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,032/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1879
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06457, Middletown, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,098 (100%) |
| Owner Occupied HU | 11,117 (50.3%) |
| Renter Occupied HU | 9,428 (42.7%) |
| Vacant Housing Units | 1,553 ( 7.0%) |
| Median Home Value | $343,608 |
| Average Home Value | $392,667 |
Housing Distribution
Address Breakdown
Residential
20,793
Single Family
17,574
Multi-Family
3,219
Businesses
1,530
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Listed by: Carl J. Guild • Carl Guild & Associates
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24105770
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.