70 Cedar Ridge RoadNewingtonCT06111
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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 Newington at 70 Cedar Ridge Road, Newington, CT, 06111 priced at $359,900 converts $3,325/mo rent into $879/mo cash flow after a $1,762/mo obligation. Total monthly income equals $3,325/mo, and annual cash flow totals $10,550/yr on $119,307 invested. Return on cash invested prints 28.75% in year one, and rental yield reads 11.09% against a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation compiles into $99,434 by year five. Five-year ROI reaches 151.08% and total cumulative return in cash sums $180,254. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,325/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1955
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06111, Newington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,986 (100%) |
| Owner Occupied HU | 10,293 (73.6%) |
| Renter Occupied HU | 3,052 (21.8%) |
| Vacant Housing Units | 641 ( 4.6%) |
| Median Home Value | $343,623 |
| Average Home Value | $367,720 |
Housing Distribution
Address Breakdown
Residential
13,030
Single Family
11,761
Multi-Family
1,269
Businesses
1,059
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Listed by: Ismael Cuadros • eRealty Advisors, Inc.
Mls Name: Smart MLS
Mls ID: #24128149