59 Prospect Street #CRidgefieldCT06877
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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
Investment property for sale in Ridgefield at 59 Prospect Street #C, Ridgefield, CT, 06877 offers a 8.47% rental yield on a $729,000 purchase with $5,143/mo rent. Total monthly income registers $5,143/mo, and a $3,568/mo payment leaves $190/mo available for distribution. Annual cash flow reaches $2,279/yr on $239,841 to close, and return on cash invested stands at 21.01% in year one. Equity gained on principal adds $4,704/yr while 5% annual appreciation supports $201,409 over five years. Portfolio math shows five-year ROI at 109.51% and total cumulative return in cash at $262,644. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,143/mo property income against a $3,568/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1995
N/A 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: Carine Nowak • Compass Connecticut, LLC
Mls Name: Smart MLS
Mls ID: #24135204