73 Lakeside DriveRidgefieldCT06877
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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 Ridgefield at 73 Lakeside Drive, Ridgefield, CT, 06877 listed at $739,900 pairs $6,150/mo rent with a $3,621/mo payment to leave $1,123/mo cash flow. Total monthly income runs $6,150/mo, and annual cash flow reaches $13,478/yr on $243,427 cash to close. Return on cash invested measures 25.6% in year one, and rental yield registers 9.97% at a $739,900 basis. Equity gained on principal adds $4,774/yr, and annual property appreciation at 5% supports $204,421 by year five. Five-year ROI tracks 134.12% and total cumulative return in cash totals $326,487. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $6,150/mo property income relative to a $3,621/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06877, Ridgefield, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,449 (100%) |
| Owner Occupied HU | 7,528 (79.7%) |
| Renter Occupied HU | 1,463 (15.5%) |
| Vacant Housing Units | 458 ( 4.8%) |
| Median Home Value | $836,048 |
| Average Home Value | $925,612 |
Housing Distribution
Address Breakdown
Residential
9,479
Single Family
8,784
Multi-Family
695
Businesses
990
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Listed by: Lauren Parr • Houlihan Lawrence
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24105745
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.