63 Ridge RoadHarwintonCT06786
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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 Harwinton at 63 Ridge Road, Harwinton, CT, 06786 priced at $305,000 converts $2,764/mo rent into $692/mo cash flow after a $1,493/mo obligation. Total monthly income equals $2,764/mo, and annual cash flow totals $8,298/yr on $101,108 invested. Return on cash invested prints 28.12% in year one, and rental yield reads 10.87% against a $305,000 entry. Equity gained on principal adds $1,968/yr, while 5% annual appreciation compiles into $84,266 by year five. Five-year ROI reaches 147.67% and total cumulative return in cash sums $149,302. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,764/mo property income covering a $1,493/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.87 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06786, Terryville, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,027 (100%) |
| Owner Occupied HU | 2,995 (74.4%) |
| Renter Occupied HU | 835 (20.7%) |
| Vacant Housing Units | 197 ( 4.9%) |
| Median Home Value | $271,494 |
| Average Home Value | $339,233 |
Housing Distribution
Address Breakdown
Residential
4,009
Single Family
3,939
Multi-Family
70
Businesses
263
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Listed by: James M. Treanor • ERA Treanor Real Estate
Mls Name: Smart MLS
Mls ID: #24145196