5 South LaneReddingCT06896
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow5 South Lane, Redding, CT, 06896 in Redding earns its strong cash-flow label: 11.31% yield, $5,940/mo rent, $1,659/mo net income, DSCR 2.10. The $630,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $174,057 by year five. Combined with $5,802/yr in principal paydown, total projected return reaches $347,312.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 6.0% |
| Monthly Cash Flow | $1,659 | $1,200 |
City averages based on Redding market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,940 |
| Total Monthly Debt Service | $4,030 |
| DSCR Ratio | 1.47x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1918
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06896, Redding, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,685 (100%) |
| Owner Occupied HU | 2,939 (79.8%) |
| Renter Occupied HU | 460 (12.5%) |
| Vacant Housing Units | 286 ( 7.8%) |
| Median Home Value | $721,856 |
| Average Home Value | $818,016 |
Housing Distribution
Address Breakdown
Residential
3,476
Single Family
3,146
Multi-Family
330
Businesses
90
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
Single Family
Built in 1918
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06896, Redding, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,685 (100%) |
| Owner Occupied HU | 2,939 (79.8%) |
| Renter Occupied HU | 460 (12.5%) |
| Vacant Housing Units | 286 ( 7.8%) |
| Median Home Value | $721,856 |
| Average Home Value | $818,016 |
Housing Distribution
Address Breakdown
Residential
3,476
Single Family
3,146
Multi-Family
330
Businesses
90
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Smart MLS
Mls ID: #24160906