60 Ridgewood RoadMoodusCT06469
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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
Rental property for sale in Moodus at 60 Ridgewood Road, Moodus, CT, 06469 offers $1,800/mo rent that, after a $1,378/mo payment. Total monthly income is $1,800/mo. Return on cash invested measures 18.46% in year one, and rental yield stands at 7.67% at a $281,500 entry. Equity gained on principal adds $1,816/yr while 5% annual appreciation compounds into $77,773 by year five. Five-year ROI records 95.9% and total cumulative return in cash reaches $89,496. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,800/mo property income versus a $1,378/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06469, Moodus, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,519 (100%) |
| Owner Occupied HU | 1,125 (74.1%) |
| Renter Occupied HU | 309 (20.3%) |
| Vacant Housing Units | 85 ( 5.6%) |
| Median Home Value | $368,997 |
| Average Home Value | $496,978 |
Housing Distribution
Address Breakdown
Residential
1,290
Single Family
1,290
Multi-Family
0
Businesses
110
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Listed by: Amanda Popplewell Pena • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24121550