478 North Salem RoadRidgefieldCT06877
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 Ridgefield at 478 North Salem Road, Ridgefield, CT, 06877 offers a 5.76% rental yield on a $1,095,000 purchase with $5,255/mo rent. 98% in year one. Equity gained on principal adds $7,066/yr while 5% annual appreciation supports $302,528 over five years. Portfolio math shows five-year ROI at 66.41% and total cumulative return in cash at $235,594. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,255/mo property income against a $5,359/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1872
2.70 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carole Cousins • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls ID: #24125773