7 Long Meadow LaneReddingCT06896
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 7 Long Meadow Lane, Redding, CT, 06896 in Redding worth study. Rental yield 3.7%. The 3.7% gross yield is below cash-flow benchmarks at $1,895,000, but 5% annual appreciation, adding $523,554 over five years, frames this as a capital growth position. Rent of $5,827/mo partially offsets the $8,521/mo payment. Ziffy Mortgage finances appreciation-play properties (0.68 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $266,193.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.7% | 6.0% |
| Monthly Cash Flow | $(7,096) | $1,200 |
City averages based on Redding market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,827 |
| Total Monthly Debt Service | $12,185 |
| DSCR Ratio | 0.48x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1998
4.39 Acres lot
$N/A/sqft
$760 annually 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 1998
4.39 Acres lot
$N/A/sqft
$760 annually 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: Kelly Higgins • Coldwell Banker Realty
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24087291
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.