481 Ridge RoadWethersfieldCT06109
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
Rental property for sale in Wethersfield at 481 Ridge Road, Wethersfield, CT, 06109 offers $2,455/mo rent that, after a $1,708/mo payment, leaves $84/mo cash flow. Total monthly income is $2,455/mo, and annual cash flow is $1,007/yr on $115,694 cash. Return on cash invested measures 20.78% in year one, and rental yield stands at 8.44% at a $349,000 entry. Equity gained on principal adds $2,252/yr while 5% annual appreciation compounds into $96,422 by year five. Five-year ROI records 108.3% and total cumulative return in cash reaches $125,292. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,455/mo property income versus a $1,708/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06109, Wethersfield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,055 (100%) |
| Owner Occupied HU | 8,807 (73.1%) |
| Renter Occupied HU | 2,878 (23.9%) |
| Vacant Housing Units | 370 ( 3.1%) |
| Median Home Value | $356,914 |
| Average Home Value | $381,808 |
Housing Distribution
Address Breakdown
Residential
11,825
Single Family
10,382
Multi-Family
1,443
Businesses
667
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Roseanne R. Scacca • Dan Combs Real Estate
Mls Name: Smart MLS
Mls ID: #24136913