75 Stepney RdReddingCT06896
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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 Redding at 75 Stepney Rd, Redding, CT, 06896 offers $8,076/mo rent that, after a $5,149/mo payment, leaves $928/mo cash flow. Total monthly income is $8,076/mo, and annual cash flow is $11,138/yr on $340,848 cash. Return on cash invested measures 23.64% in year one, and rental yield stands at 9.21% at a $1,052,000 entry. Equity gained on principal adds $6,788/yr while 5% annual appreciation compounds into $290,648 by year five. Five-year ROI records 123.56% and total cumulative return in cash reaches $421,149. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $8,076/mo property income versus a $5,149/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
3.64 Acres lot
$N/A/sqft
No 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
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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