615 Ridge RoadWethersfieldCT06109
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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 Wethersfield at 615 Ridge Road, Wethersfield, CT, 06109 offers a 9.11% rental yield on a $885,000 purchase with $6,720/mo rent. Total monthly income registers $6,720/mo, and a $4,332/mo payment leaves $707/mo available for distribution. Annual cash flow reaches $8,478/yr on $291,165 to close, and return on cash invested stands at 22.97% in year one. Equity gained on principal adds $5,711/yr while 5% annual appreciation supports $244,509 over five years. Portfolio math shows five-year ROI at 120.04% and total cumulative return in cash at $349,506. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,720/mo property income against a $4,332/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1946
0.52 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
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Listed by: Sharon Carducci • William Raveis Real Estate
Mls Name: Smart MLS
Mls ID: #24119936